TokenizeThis 2024: Tokenization Potential in Payments and Investments

At the TokenizeThis 2024 event in Miami, executives from Ripple and Stellar discussed how tokenization is blurring the lines between payment and investment assets. This shift could soon enable scenarios such as splitting a dinner bill using shares of tokenized funds, highlighting the merging of payments and investments through the tokenization of assets.
Rob Dursky, Senior Director of Tokenization at Stellar Development Foundation, highlighted the transformative potential of this technology. He explained that tokenizing assets, such as real estate or stocks, allows for the creation of fractional ownership and increased liquidity, making financial products more accessible to smaller investors. Durski talked about partnerships with companies like Franklin Templeton and WisdomTree, which are releasing new assets on the blockchain aimed at increasing returns and facilitating seamless payment options.
Related article: Franklin Templeton Has Tokenized a U.S. Government Money Fund Valued at $380 Million
Dursky illustrated the concept with a practical example, “Imagine you split a check for dinner and pay with Franklin Templeton funds. You could send $20 in seconds to Stellar and still make a year's profit on the cost of the dinner.” 
Bradley Chase, Ripple's VP of engineering, also spoke at the event, highlighting the growing trend of enterprises looking to use payments in Stablecoins and tokens on-chain to generate additional revenue. He noted that many enterprise customers now prefer to receive payments in stablecoins as the easiest gateway into the digital asset space. This insight into the latest developments in the industry should make the audience feel well-informed.
The discussion highlighted the growing prevalence of tokenization, with more than $1 billion worth of U.S. Treasury bonds already tokenized on blockchains such as Ethereum and Stellar. Ripple estimates that the tokenization market could reach $16 trillion in the coming years, far exceeding the current total market capitalization of the cryptocurrency sector.
Related article: Senior Vice President of RippleX Predicted that the Market Capitalization of Tokenized Assets will Grow to $16 Trillion
Tokenization has the potential to revolutionize the financial sphere by uniting payments and investments, opening up new opportunities, and making financial products more accessible and universal.