Managing Director of Galaxy: The tokenization market is currently illiquid and is predicted to flourish in the future

Odaily Planet Daily reported that Galaxy Managing Director Chris Rhine said at the Singapore Token2049 "Institutionalization of Digital Assets" theme roundtable session: "In more developed regions, the traditional financial sector will not only seek efficiency. It may start from the least liquid asset classes. To start with. Because you don’t move a liquid asset class into an illiquid market space, and currently tokenized market spaces are illiquid because there really aren’t many transactions in the market; but tokenizing a very illiquid asset There is no harm in optimizing because you are not sacrificing liquidity. As we continue to build and grow the market, I think the traditional financial world will see that there is a streamlined process, there is efficiency improvement, there is a growing market that provides 24/7 functionality. So it takes time. There have been some predictions about the size of the tokenization market. This can be a technology adoption curve that progresses slowly and then all of a sudden starts to boom rapidly. "