🔥🔥🔥 Institutional #DEFI players will bring commercial real estate #Onchain : KPMG exec

Institutional engagement in DeFi is evolving towards more controlled environments, according to Kunal Bhasin of KPMG. At the Toronto Collision Conference, Bhasin highlighted the growing interest among institutional investors in blockchain-tokenized shares of high-value commercial real estate, aiming to democratize ownership traditionally limited to deep-pocketed investors. He emphasized that while institutions value the efficiency of DeFi, they prioritize transparent participant identification and controlled transactions.

Bhasin cited examples like #Bitfinex Securities facilitating asset raises for properties such as a Hampton by Hilton hotel in #elsalvador . Despite successes like the #BlackRock USD Institutional Digital Liquidity Fund, challenges remain in broader adoption due to reputational risks associated with fraud and scams prevalent in the crypto industry.

Looking ahead, Bhasin predicted that financial institutions risk falling behind if they don't embrace crypto and digital assets, emphasizing the competitive advantage of early adoption. His insights highlight a shifting landscape where institutions cautiously explore DeFi while managing risks and leveraging tokenization to broaden ownership opportunities.

Source - cointelegraph.com