Tokenization has become one of the most frequently discussed topics in the industry these days. While major Wall Street firms are turning their attention to the tokenization space, Grayscale said altcoins stand out in this space.
Zach Pandle, Head of Research at Grayscale, said on the Thinking Crypto podcast that the global effort to tokenize real-world assets is still in its early stages, and Chainlink (LINK) will be the primary technology driving this space.
Zac Pandle explained that only a small portion of the world's assets are tokenized and reside on blockchain networks.
However, with increased interest in tokenization, more traditional finance will move to blockchain, which could significantly accelerate adoption over the next five to 10 years, he said.
Pandl believes tokenized assets will increase by up to 1,000x over the next five years as traditional financial products move to blockchain.
At this point, Pandl said Chainlink will act as a bridge between blockchain and traditional finance for tokenized assets.
“Chainlink is a true link between the cryptocurrency ecosystem and traditional finance.
This is not a bet on a single blockchain, but an indication of where the industry as a whole is heading. ”
Pandl also highlighted Grayscale's growing range of crypto ETFs, including those linked to XRP, Solana (SOL), Dogecoin (DOGE) and Chainlink.
As is known, Grayscale recently converted its existing Chainlink trust into an ETF and launched Chainlink ETF. At this point, Pandol added that ETFs provide investors with easy access to the cryptocurrency ecosystem.
*This is not investment advice.
