Global Tokenization Market Size, Manufacturers, Supply Chain, Sales Channel and Clients, 2022-2028

The global Tokenization market is projected to reach US$ 2709.9 million by 2028 from an estimated US$ 1301.6 million in 2022, at a CAGR of 13.0% during 2023 and 2028.

The tokenization of conventional assets including real estate, fine art, commodities, and financial instruments is one of the key developments in tokenization. These assets can be tokenized to provide fractional ownership, more liquidity, and easier access to investment possibilities. STOs have attracted attention as a regulated and legal mechanism to conduct token sales in order to raise money. STOs are more appealing to institutional and retail investors than Initial Coin Offerings (ICOs) because they contain tokens that are backed by real assets or signify ownership in a company. These factors are invariably driving the growth of the tokenization market.

NFTs have emerged as a significant trend in tokenization, particularly in the area of art and collectibles. NFTs are distinctive digital assets with applications in virtual real estate, in-game objects, and digital identity verification in addition to art. With numerous platforms now providing decentralized lending, borrowing, and trading services, DeFi has experienced significant growth. A key component of DeFi is tokenization, which enables the development of utility tokens that offer governance rights or function as collateral in decentralized financial ecosystems.

Supply chain management can be made more transparent, traceable, and effective by using tokenization. Tokenization makes it feasible to track the movement, authenticity, and quality of goods and components along the supply chain. Many nations are looking into the possibility of creating their own digital currencies. Tokenization, which enables safe and effective digital transactions while preserving regulatory control. This factor is expected to further fuel the tokenization market growth.

Interoperability and standardization are required as tokenization spreads across many blockchain networks. Common frameworks and standards for tokenization are being established by initiatives like the Token Taxonomy Initiative (TTI) and the Interwork Alliance (IWA) in order to facilitate seamless transferability and interoperability between various systems. Tokenization is being investigated as a way to reward and encourage sustainable and socially conscious behavior. While social impact tokens can be used to support initiatives aimed at promoting healthcare, education, or the reduction of poverty, environmental impact tokens can be used to encourage the production of renewable energy or carbon offsetting.

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