Tokenization Expected to Reach Significant Levels Within Three Years: OMFIF Survey

According to CoinDesk, a recent survey by the Official Monetary and Financial Institutions Forum (OMFIF) suggests 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 firms, found that 92% of respondents believe financial markets will experience some degree of tokenization. While all respondents acknowledged this transformation is at least three years away, the majority believe it is inevitable.

The survey also revealed that 42% of respondents agree that blockchain will become the dominant form of infrastructure for financial markets. Furthermore, 65% of participants believe bonds are the most likely asset class to undergo tokenization.