Mike Novogratz highlights BlackRock BUIDL milestone in tokenization
@novogratz: Novogratz on BlackRock BUIDL milestone
Mike Novogratz, a prominent figure in the cryptocurrency industry, discusses a significant development in the realm of tokenization. BlackRock's BUIDL has successfully crossed the $1 billion mark, representing a substantial achievement in the tokenization of real-world assets.
Novogratz states, ''We have been saying it for some time. Everything that can be tokenized will be.'' He emphasizes that real-world assets (RWAs) are transitioning onchain at a rapid pace. As the infrastructure or ''rails'' are being developed, Novogratz highlights that ''adoption is next.''
This milestone reflects the growing momentum in the tokenization sector, with institutional players like BlackRock leading the charge. The implication is that as more assets become tokenizable, the influence of blockchain technology in traditional finance will continue to expand.
Novogratz's insights underscore the shift as the financial industry increasingly embraces blockchain, streamlining the trading, settlement, and governance of a variety of assets.
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In the previous news, tweet author Mike Novogratz discussed the impact of a bitcoin reserve on global markets.
