Interesting article. Here are some quotes "The
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(Total Views: 436)
Posted On: 01/21/2019 6:39:17 PM
Interesting article. Here are some quotes
" The future we see revolves around security tokens : digital versions of physical assets, whether a share certificate, a title deed to a property, or even Michaelangelo's Pieta. The thought experiment that became real with the advent of ICOs and “utility tokens” was that physical assets, often indivisible, could be converted into a digital, legally binding claim of ownership that in turn could be infinitely divisible."
"Couple this with another innovation of the crypto bubble - the token wallet - and you get broad and deep disruption across the asset management industry. Like the wallets we currently carry in our pockets, token wallets are built to contain the assets we own, from a cash equivalent (e.g. Winklevoss Gemini dollar) to an actual claim on a company (e.g. digitally securitised Tesla shares). The key differences are the near-infinite divisibility of the assets in the wallet, and our ability to hold programmable money and assets, with permissions granted and revoked via wallet software."
"Right now, highly educated asset managers seem to view security tokens (at best) as an asset class, rather than a foundational technology and catalyst for wholesale change in the financial services industry. Considering the practical effects of asset digitisation enables us to glimpse the future of our industry. And it’s unrecognisable."
"The announcement that NYSE will launch its fully regulated clearing and settlement security token exchange, Bakkt , in January 2019 suggests the regulatory environment is moving quickly to make this a reality. Starbucks , Microsoft and BCG are among the key partners, delivering the infrastructure and use cases for what we believe is the first step towards a regulated security token ecosystem. Even Fidelity , one of the most established “traditional” asset managers, is rolling out solutions for digital asset custody. We’re reaching a tipping point, with the backing of tokens by established financial market names set to precipitate mass adoption."
https://www.zerohedge.com/news/2019-01-21/the...management
" The future we see revolves around security tokens : digital versions of physical assets, whether a share certificate, a title deed to a property, or even Michaelangelo's Pieta. The thought experiment that became real with the advent of ICOs and “utility tokens” was that physical assets, often indivisible, could be converted into a digital, legally binding claim of ownership that in turn could be infinitely divisible."
"Couple this with another innovation of the crypto bubble - the token wallet - and you get broad and deep disruption across the asset management industry. Like the wallets we currently carry in our pockets, token wallets are built to contain the assets we own, from a cash equivalent (e.g. Winklevoss Gemini dollar) to an actual claim on a company (e.g. digitally securitised Tesla shares). The key differences are the near-infinite divisibility of the assets in the wallet, and our ability to hold programmable money and assets, with permissions granted and revoked via wallet software."
"Right now, highly educated asset managers seem to view security tokens (at best) as an asset class, rather than a foundational technology and catalyst for wholesale change in the financial services industry. Considering the practical effects of asset digitisation enables us to glimpse the future of our industry. And it’s unrecognisable."
"The announcement that NYSE will launch its fully regulated clearing and settlement security token exchange, Bakkt , in January 2019 suggests the regulatory environment is moving quickly to make this a reality. Starbucks , Microsoft and BCG are among the key partners, delivering the infrastructure and use cases for what we believe is the first step towards a regulated security token ecosystem. Even Fidelity , one of the most established “traditional” asset managers, is rolling out solutions for digital asset custody. We’re reaching a tipping point, with the backing of tokens by established financial market names set to precipitate mass adoption."
https://www.zerohedge.com/news/2019-01-21/the...management
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