S&P Global Exec: ‘We Think the Tokenization of Everything Is Going To Happen’
In a new interview on Scott Melker’s YouTube channel, Chuck Mounts, S&P Global's chief DeFi officer, says that he believes all assets will eventually be tokenized in the long run.
“We think the tokenization of everything is going to happen. Who can predict the exact twists and turns of the pathway to that? But in the meantime, we want to make sure our organization is positioned to provide the services and products that are needed to shed light on the risks in the industry and allow shareholders to make informed decisions…
In the long term, we think the tokenization of everything will happen, but in the range from purely centralized to purely decentralized, my personal opinion is that we’re still going to end up in some blended space.”
And so, in the long sweep of history, a humanity ruled by priests and kings becomes governed by merchants - the priests will still be there as propagandists.
Now, this process is in its infancy, but we have within DPOS a platform for the creation of such tokens. It is cheap and, for now, still with free transactions. No, not Bitshares, but Hive-Engine. You can tokenise whatever you want on there for just 100 BEE (about $20).
If you look at the tokens that currently exist, we see the huge dominance of various Splinterlands tokens, plus "SWAP" versions of the native tokens of HIVE and HBD. Beyond that, we see some "voting tokens", essentially Layer 2 community tokens, and then very few independent projects - the rest are sucker-tokens used to manipulate swap pool incentives.
Don't just think about passive income, ROI and APRs; those are mere financial measures, and there will always be a better financial investment. Think in terms of investing in an idea.
So, what can you tokenise?
Yep, NFTs are one way of doing it, altho more expensive than a fungible token. Those who sell products can price them in their token - many options.
I've been saying this for a long time. Scrip never left; scrip is just revolutionizing and becoming far more influential because of cryptocurrency and tokenization.
Right now, I'm looking at which blockchain I want to use to release a token for my family and make it public for anyone that wants to buy into it (which isn't its primary purpose), as we supply some DeFi liquidity for intra-family transactions. A family "stablecoin," if you will.
Personally, we're moving away from Hive regarding this token project. Dogecoin has been my favorite currency since it came out, so the Dogechain second-layer blockchain is the primary candidate.
Right, in my research I found one Scrip that was actually well-managed - Pennsylvania - before they reluctantly accepted the enforced use of the USD! They had some interesting "central bank" rules, such as only lending to "productive" industries - NOT other banks.
I'd look at the cheapest networks - not just coz the txn fees are cheap, but also not able to leap up, like on ethereum. BCH is possibly another option. I only mention H-E as it does seem like a decent testing platform for newbs.
Mining town scrips were also popular as a way to boost local liquidity. Sadly, seems that some companies also used it to impoverish their workers by over-lending - oh well, personal responsibility has to come into play at some point.
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