From the tokenization of real estate, equities and gold to launch day on the Tron network, here’s a look at some of the stories breaking in the world of crypto.
Power Ledger’s blockchain economist Anya Nova says crypto has the potential to transform society through the tokenization of $278 trillion in assets. In a new post outlining the promise of security tokens, Nova says the true benefits will be realized over time.
“I’ve been following security tokens closely for the past few months. In the process, I’ve been exposed to some pretty controversial ideas and met some pretty colorful characters. Some claim that security tokens will end poverty as we know it. It’s a nice thought. But poverty has many causes and access to investment opportunities, or lack thereof, is just one of them.
Sure, security tokens make access to investment opportunities easier. But this should not be the end goal. It’s the quality of those opportunities that matter. If you take a bad investment and put a token on top of it, it is still a bad investment. A pessimistic view is that security tokens will give rise to many useless investments that’ll compete for our attention in an already crowded space.
So will security tokens democratize finance and lift millions out of poverty? No, at least not right away. But will they transform how we live? Absolutely. Why? Because there is just so much to tokenize: $217 trillion dollars in real estate, $55 trillion dollars in equities, $6 trillion dollars in gold.”
I just published Security Tokens and the 90s in Russia https://t.co/ejg7W3ukXM
— Anya Nova (@Anya_Nova) January 25, 2019