The benefits of tokenization are simple, the process brings operational efficiencies and improved liquidity and accessibility, Bernstein said in a research report on Tuesday. LedesmaLyllah and godbole17 report in First Mover Americas.
, private market funds, securities and real estate. Currency tokenization, via stablecoins and central bank digital currencies, will see application in on-chain deposits and payments, the report said, with about 2% of global money supply to be tokenized over the next five years, which is about $3 trillion, the report added.regulators to relax margin trading restrictions on popular cryptocurrencies such as bitcoin .
Exchanges in the country once offered leverage of up to 25 times principal capital, and trading volumes reached as high as $500 billion annually in 2020 and 2021, according to Bloomberg. In early 2022, however, Japanese regulators limited crypto exchanges to offering leverage of only twice the principal, which led to trading volumes dropping drastically last year.
Bitcoin traded little changed on Tuesday as China's first cut in benchmark lending rates in 10 months failed to lift the mood in traditional markets.the one-year and five-year loan prime rates by 10 basis points to 3.55% and 4.3%, respectively. The one-year rate is a medium-term lending facility for corporate and household loans and the five-year figure is the reference rate for mortgages.
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