Mediaboss Marketing

BitcoinBTC and ethereumthe two largest cryptocurrencies have rocketed so far this year as hyperinflation fears sweep Silicon Valley.

Subscribe now to Forbes' CryptoAsset & Blockchain Advisor and successfully navigate the bitcoin and crypto market rollercoaster

The bitcoin price is up around 70% since the beginning of January, triggering a surge of bullish bitcoin price predictions. The ethereum price has added a similar amount, adding around $200 billion to the combined crypto market.

Now, after BlackRock's chief executive revealed the world's largest asset manager is "exploring the digital assets ecosystem," a new report has found almost $300 trillion in private assets could be tokenized on blockchains.

It's at the beginning of a bull run you need up-to-date information the most! Sign up now for the free CryptoCodexA daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

"Tokenisation could open worlds not imagined yet to private assets in a similar way to how the internet and e-commerce transformed many industries over the last two decades," the report by crypto infrastructure provider Taurus read.

Real-world assets such as equity shares, investment funds and private markets that include private equity, venture capital, real estate, and art could all be "tokenized" on a blockchain, according to the report, with "mostly paper-based" private markets potentially having more to gain from tokenization than their already electronic public counterparts.

Tokenizing securities could ease trading, enable instant settlement, create liquidity and price discovery, and lower costs, Taurus researchers found.

"Tokenization opens the door to a broad universe of new possibilities, which the financial industry is only starting to comprehend and embrace," Jacques Iffland, partner at Lenz & Staehelin and chair of the Capital Markets and Technology Association (CMTA), wrote in the report's foreword, adding blockchain technology represents a "quantum leap" for trading.

Sign up now for CryptoCodexA free, daily newsletter for the crypto-curious

"Private funds are very restricted in terms of liquidity options, and by natively issuing shares on chain, they can then open up marketplaces to give investors the opportunity to exit," Morgan McKenney, the chief executive of Provenance Blockchain Foundation, told DL News.

I am a journalist with significant experience covering technology, finance, economics, and business around the world. As the founding editor of Verdict.co.uk I reported on how technology is changing business, political trends, and the latest culture and lifestyle. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen and the most important new technology since the internet itself. I have worked and written for CityAM, the Financial Times, and the New Statesman, amongst others. Follow me on Twitter @billybambrough or email me on billyATbillybambrough.com.Disclosure: I occasionally hold some small amount of bitcoin and other cryptocurrencies.

Go here to see the original:

Looming $300 Trillion Crypto Quantum Leap Revealed Amid Huge Bitcoin And Ethereum Price Pump - Forbes