Asset Tokenization Race Heats Up as Major Financial Firms Build Onchain Infrastructure

Major institutions in traditional finance are moving into blockchain-based asset tokenization, intensifying competition to build onchain financial infrastructure. According to MBlock Letter, financial firms are speeding up their entry as interest grows in handling assets as tokens on blockchains. The backdrop is demand to connect traditional finance with blockchain technology and extend financial infrastructure onchain. If large institutions continue to participate, asset tokenization may draw faster attention from mainstream finance. Source: mk.co.kr