Stablecoin Shift Pushes Traditional Banks Into Crypto

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Cryptocurrency Investment and the Impact of New Laws on the Market

The Development of Cryptocurrency in a New Legal Context

In a recent interview with Bloomberg TV, Mr. Michael Novogratz, founder of Galaxy and a cryptocurrency billionaire, noted that passing a stablecoin bill will encourage traditional financial institutions to enter the cryptocurrency market. Since its establishment in 2017, Galaxy has specifically predicted that financial institutions will gradually integrate blockchain and Tokenize solutions. This event is clearly reflected in the market's growth trend.

The Impact of Laws on Cryptocurrency Investment Trends

Novogratz expects that the stablecoin bill will not only provide clear legal conditions but also open up more diverse ecosystems with tokenized products. This will make traditional assets such as stocks, bonds, or decentralized securities (DeFi) easier to trade, enhancing accessibility and liquidation for global investors.

The Potential of Tokenization in the Financial Market

Tokenization Trends in Traditional Economic and Cryptocurrency Sectors

In the near future, Tokens owned in the securities and non-cryptocurrency asset sectors are expected to become the new industry standard. Galaxy plans to collaborate to provide White Label solutions, customized to suit each partner to promote asset Tokenization, thereby comprehensively expanding the market.

Expansion Trends of the Tokenization Market

Asset Tokenization not only helps individuals easily own parts of large business activities but also creates opportunities for new investment funds and traditional financial institutions to manage investment portfolios more effectively. This integration helps promote sustainable cryptocurrency development while enabling investors to access new products with higher potential returns in a clearer legal environment.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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