For some reason, tokenization, one of the crypto industry’s original promises, is again making headlines.

“It’s so funny because people that had been around from 2018 have all these scars from pitching this stuff and believing it and nothing happened,” Polygon’s tokenization lead Colin Butler told Decrypt.

Tokenization basically refers to the transfer of more traditional financial assets like stocks and bonds onto a blockchain. The transition has promised lower overhead costs and increased efficiency. And these days it’s got everyone pretty excited.

Avalanche, for instance, has just rolled out a $50 million initiative to help builders in this area (so long as they’re doing it on Avalanche). Late last year, Blackrock CEO Larry Fink called it the “next generation of markets.”

But why the sudden change of heart?

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Author: Liam J. Kelly

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