Citrini sees a tokenization boom. The harder question is who profits

The largest banks in the world are eyeing new trading opportunities, speeding up payments and a role for advisers as tokenization takes root in Wall Street.

Tokenized assets are opening new trading opportunities across financial markets, but the growing supply of real-world assets (RWAs) being brought onchain has yet to be matched by investor demand, according to Alex Taaffe, chief revenue officer at crypto trading firm GSR. Speaking during on a panel on liquidity and market fragmentation at CONNECT by Cointelegraph: Singapore Edition on Oct. 9, Taaffe said liquidity is improving in trading for pre-IPO stocks, commodities and global equities that investors previously had limited access to. However, he said demand for fully tokenized RWAs has not kept pace with the growing number of assets being issued. Panelists (l-r): Rayco Tarrida Ortega, Min Teo, Shiliang Tang, Lingling Jiang, Alex Taaffe. Source: CointelegraphCointelegraph brought together Web3 founders, investors and industry executives for four panel discussions covering tokenization, stablecoin payments, onchain trading infrastructure and venture capital exits, alongside a startup pitch competition. “Specifically on RWAs, and fully tokenized assets, there’s a supply and demand inbalance. There’s a ton of supply.

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While the overall S&P/TSX Composite Index has risen by about 11% this year, the five-company telecom index fell by more than 16%

A major Ontario condo construction lender says it won’t relax its loan criteria for developers despite a sharp drop in projects and industry calls for more support. In the fourth year of the real estate downturn, developers have been shelving or postponing condo projects because mom-and-pop investors are no longer interested in buying preconstruction units. Individual investors used to account for the vast majority of preconstruction condo purchases in the Toronto region. The lack of investors means that developers cannot sell the amount of units required to qualify for construction financing. Lenders typically require 70 per cent of a project’s units be sold before they will provide the developer with financing to launch construction. “The 70 per cent remains a good metric,” said Kevin VanKampen, head of business banking with Meridian Credit Union, the province’s largest credit union that has been providing condo developers with loans for at least two decades. With condo prices falling, Mr.

Concerns can cause even the most experienced investors to feel panicky