A survey conducted by the Official Monetary and Financial Institutions Forum (OMFIF) reveals that a majority of respondents believe tokenization will reach a substantial level within three years.

The OMFIF surveyed 26 institutions from Europe, Africa, Asia, and South America, including Ministries of Finance, banks, and asset management firms.

92% of the respondents believe the financial markets will experience a significant degree of tokenization at some point, though all agree that it will take at least three years.

The survey indicates that 42% of respondents agree that blockchain will become the dominant form of infrastructure for financial markets.

65% of the respondents believe bonds are the most likely asset class to be tokenized.