Tokenization to Reach Significant Levels Within Three Years: OMFIF Survey

According to a survey conducted by the Official Monetary and Financial Institutions Forum (OMFIF), a majority of respondents believe that tokenization will reach substantial levels within three years.

The survey, which polled 26 institutions across Europe, Africa, Asia, and South America, including ministries of finance, banks, and asset management companies, found that 92% of respondents expect a significant level of tokenization in financial markets at some point. However, all respondents agreed that this is at least three years away.

The survey also revealed that 42% of respondents believe blockchain will become the dominant form of financial market infrastructure. Additionally, 65% of respondents believe that bonds are most likely to be tokenized.