Tom Jessop: “Securities and other assets do not need tokenization”

The president of the financial company Fidelity Digital Assets (FDAS), Tom Jessop, is not sure that the securities andother assets traded on exchanges will benefit from tokenization.

According to him, it makes no sense to translate valuablesecurities and other assets on the blockchain - current markets are already quite developed and do not suffer from a lack of liquidity. Although some investors may want to add a tokenized asset to their portfolio.

“I think this is the moment when you understandthat the use of technology is illiquid assets. They attract more and more investors and occupy an increasing part of financial assets in investment portfolios, ”said the president of FDAS.

Jessop also noted that tokenization mayprovide new opportunities. For example, many banks are exploring the possibility of providing access to a private financial instrument through tokens, and tokenization will provide greater liquidity for the real estate industry.

“This is a trend that has not yet become widespread,but which we are closely monitoring,” said the FDAS president, who previously stated that the closure of some cryptocurrency funds in 2019 is a natural process that is part of the emergence of the industry.

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