First Mover Americas: Tokenization Might Be a $5T Opportunity: Bernstein
The latest price moves in crypto markets in context for June 20, 2023.
This article originally appeared in , CoinDesk’s daily newsletter putting the latest moves in crypto markets in context..

The benefits of tokenization are simple, the process brings operational efficiencies and improved liquidity and accessibility, in a research report on Tuesday. is the process by which real-world assets are converted into blockchain-based tokens. Bernstein estimates that the size of the tokenization opportunity could be as much as $5 trillion over the next five years, led by and (CBDC), 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.
Japan's cryptocurrency exchanges areregulators to relax margin trading restrictions on popular cryptocurrencies such as bitcoin (BTC). 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. The Japan Virtual and Crypto Assets Exchange Association, a self-regulated body of local exchanges, is now arguing that these restrictions hinder market growth and discourage new participants.
Bitcoin (BTC) 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 People's Bank of China 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. Last week, the country’s biggest state banks cut rates on demand deposits by 5 bps and 15 bps on three- and 5-year time deposits. A basis point is a hundredth of a percentage point. The looser conditions contrast with continued monetary tightening in western economies and follow recent economic reports that indicate the world's second-largest economy is losing steam and is on the .

Edited by Sheldon Reback.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Aave (AAVE) Approaches Key Resistance – Is a Bullish Breakout on Horizon?

The Best Crypto Projects to Join in June 2025: Dogecoin, Shiba Inu, Bonk & BlockDAG Lead The Market!
Discover the best crypto projects of June, featuring Dogecoin, Shiba Inu, Bonk, and BlockDAG. Each of these coins has something unique to offer, so explore their potential and what's next for 2025.1. BlockDAG: The Only Altcoin with 2678% ROI Potential!2. Dogecoin’s Next Move: Can it Break $0.25?3. Shiba Inu: Strong Community, But June’s a Challenge4. Bonk: A Meme Coin with Real UtilityFinal Thoughts

Top Cryptos to Buy in June 2025 for Explosive Growth: Arctic Pablo, FLOKI, Memecoin

Hedera (HBAR) Gains Lose Steam as Demand For Shorts Surges
While Hedera's HBAR token has posted slight gains since June, technical signals and growing short interest indicate potential bearish pressure ahead.

Trending news
MoreCrypto prices
More








