A new report from GlobalData, a London-based consulting firm, predicts an exponential increase in blockchain revenues. The report, titled “Thematic Research: Blockchain,” predicts an increase from the current $12 billion generated in 2023 to a remarkable $290 billion by the end of 2030; All thanks to the booming Tokenization industry.

According to statistics, this represents a growth of more than 2,000%.

Undoubtedly, Tokenization projects have boomed recently, with many up 300% or more in the past month. The rise in RWA projects has been triggered by many banks and institutions, such as BlackRock, entering the world of tokenization.

For the uninitiated, Tokenization can pave the way for a more fluid and broader marketplace, making it easier for people to invest in assets that have traditionally been out of reach for many; This is an approach being worked on by Floki's sister company, TokenFi.

Let's go back to the report that recommended a change in the distribution of blockchain technology for all the good reasons. Data from GlobalData shows a move away from its implementation in emerging and wide-ranging use cases towards its integration into practical, real-world applications.

So why are major financial institutions investing so heavily in this emerging sector?

Read More: BlackRock Actively Stepping Into Tokenization — TokenFi Envisions Abundant Opportunities Ahead

Increased Efficiency: Tokenization can potentially streamline a number of financial processes. By converting assets into tokens, banks were able to see significant reductions in the administrative burden of recording, storing and transferring ownership of assets. The digitized process is faster and reduces processing times.

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