🔔In an exclusive interview with crypto.news, William Quigley, co-founder of WAX and Tether, discusses the prospects of tokenizing the banking system.💼 He highlights that tokenization could transform the way ownership of assets and liabilities is recorded on blockchains, enabling new functionality. 🌐

Quigley also notes that tokenization can overcome many of the barriers associated with the slowness and inefficiency of our banking payment and settlement systems by offering instant and automated transactions. 🚀

He acknowledges that tokenization of the global financial system will face challenges and risks, but we are already seeing tokenization begin to bring tangible benefits to the global banking industry. 🏦

Your opinion? Discuss in the comments! 👇