Citi is the latest financial firm to test bringing real-world assets onto distributed ledger technology networks, finding that such efforts can offer big advantages over traditional models.

“Tokenization unlocks the value in traditional markets to new use cases and digital distribution channels while enabling greater automation, more standardized data rails and even improved overall operating models, such as those facilitated by digital identity and smart contracts,” the company said in a report. 

Tokenization of existing assets can offer meaningful improvements over the status quo and is likely a necessary step for achieving scale.

The company’s findings come after it completed…

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