The keys: banks are embracing technology that can change how a house is bought
Banking entities are preparing to adapt to the new technological reality, which includes the tokenization of assets.
Banks are adapting to the new technological reality. When MiCA, the first major regulation on cryptoassets, came into force, it was thought that the transformation would focus on cryptocurrencies, with the bank acting as an intermediary so that the customer did not have to switch institutions to buy, for example, bitcoin. But the change, which perhaps has taken longer than expected, goes far beyond that: creating their own stablecoins, renewing their financial infrastructure with blockchain technology and tokenizing assets that were previously illiquid, such as luxury goods or real estate.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
