May 26, 2023
What the internet did to Retail is peanuts compared to what Changing Store of Value (Tokenized Real World Assets) will do to Banking, Investment Banking, and Asset Management. This is excellently written by our friend Pat LaVecchia at Oasis Pro Markets. It is coming, the landscape will change and new brands will become dominant. It will all be regulated, but the speed will kill players who live off manual processes.
Just like de-regulation of commissions on stock trading took down firms that could not handle the flow, if your private market data has 90-150 day latency and you are okay with this, your franchise may change. Private Market Data will become permissioned real time access to the data store of record, at the edge.