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EY's Global Blockchain Leader Predicts Some Major Banks to Start Offering “A Curated Selection of DeFi Services” in Next 3 Months
Summary: Paul Brody, global blockchain leader at Ernst & Young Global, predicts some major banks to start offering “a curated selection of DeFi (decentralized finance) services” in next three months. EY said it is building technology and designing programs for some major banks and other key financial institutions to tokenize financial assets, such as stocks, bonds ...
Paul Brody, global blockchain leader at Ernst & Young Global, predicts some major banks to start offering “a curated selection of DeFi (decentralized finance) services” in next three months.
EY said it is building technology and designing programs for some major banks and other key financial institutions to tokenize financial assets, such as stocks, bonds and real estate. Asset tokenization refers to the process of issuing digital tokens on blockchains that represent digital or physical assets, where investors can have fractional ownership.
“That path is moving forward. Traditional financial assets are going to be wrapped, tokenized and made programmable,” Paul Brody, global blockchain leader at EY told MarketWatch in a recent interview. Brody said the financial institutions working with EY on the effort “hold very large scale of assets,” though he declined to name the institutions.
By Amy Liu
Tags: DeFi,EY,Paul Brody
Link: EY's Global Blockchain Leader Predicts Some Major Banks to Start Offering “A Curated Selection of DeFi Services” in Next 3 Months [Copy]
