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Announced Mon, 29 Jun · 08:26 IST

Bitcoin is boring. Bring on AI, space and JGB tokens: Andy Mukherjee

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AI summary

Andy Mukherjee's column argues that tokenisation of real-world assets is gaining momentum even as Bitcoin struggles after a 50% slump since October. Citi projects a tokenised asset market of $2.7 trillion to $8.2 trillion by 2030, with examples including South Korea's Mirae Asset Global Investments (377 billion dollars AUM) partnering with Ondo Finance to bring Global X ETFs on-chain, BlackRock's BUIDL tokenised money-market fund, and Japanese government bonds entering blockchain. The piece notes that tokenised assets offer near-instant settlement and peer-to-peer transferability, but cautions that much of the market still relies on clunky off-chain accounting and human reconciliation.