- Crypto is rebounding after a downtrend in 2022 and sideways action in 2023.
- The Bitcoin spot ETF narrative and tokenization are driving this recovery.
- Major institutions are tokenizing real-world assets, increasing efficiency and transparency.
- A survey by EY-Parthenon, shows institutional investors are interested in allocating funds to tokenized bonds.
- However, institutional adoption of blockchain and crypto is not happening yet.
- On-chain and capital markets pathways exist through ecosystem partnerships and successful blockchain networks.
- MakerDAO is diversifying its assets by investing in traditional financial assets like government bonds. This move has shown the potential of DeFi protocols.
Analysis: Digital securities are becoming increasingly prominent, as tokenization emerges as a key trend in the resurgence of the crypto industry in 2023
