1120 GMT - Tokenization, or the ability to convert real-world assets into digital tokens, will become the new normal as private companies and politicians push to bring the technology into the mainstream, Union Investment's head of tokenization and digital assets Christoph Hock says. "Politicians are driving the shift into a redefinition of financial market infrastructure," Hock says at the Digital Assets week conference in London. Central bank interest in developing their own tokenization capabilities is encouraging, and adds to progress from private companies in bringing the technology into the mainstream. "The ingredients are all there" for tokenization adoption to significantly increase, Hock says.
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