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John Patrick Mullin, CEO of MANTRA, said that Larry Fink’s public endorsement of tokenization has accelerated its adoption at both "startup" and "institutional" levels, though less so in "retail" blockchain use. Mullin made this statement during his talk at Binance Blockchain Week.
"With Larry Fink talking about it publicly, it's allowed this floodgate to open where actually now we can start building things in public, both at a startup level like MANTRA, but also at the institutional level like BlackRock," said Patrick Mullin. "Institutional adoption of tokenization already has significant product-market fit, where we haven't seen it at the retail permissionless blockchain level."
The tokenized asset market is projected to grow significantly from $1.5 trillion to $16.1 trillion by 2030, as forecasted by Boston Consulting Group (BCG) in 2023. This growth suggests a promising future for borderless, on-chain investments.
