Stablecoins Proliferate as Tokenization Goes Mainstream in 2023
• Proliferation of “Stablecoin” Products - Many teams will seek to emulate the success of leading stablecoins like USDC and USDT by differentiating along dimensions like collateral, yield, and compliance.
• Novel Asset Tokenization - Issuers will bring new tokenized assets to market that are uniquely enabled by blockchain, like intellectual property rights or carbon credits.
• A Shift Toward the Buy-side - Platforms will prioritize meeting the needs of capital providers over asset originators in order to ensure sufficient scale.
• Regulatory Focus and Guidance - Regulators will provide more clarity on how tokenized assets are governed as the markets continue to develop.
• Institutional Tokenization Heats Up - Institutional interest in launching tokenization products will continue to gain momentum to keep pace with early movers.