Paxos product head Ronak Daya has underscored the importance of tokenized U.S. dollars in advancing the adoption of digital assets. Speaking on the role of tokenization in modern finance, Daya highlighted that tokenized USD is pivotal for integrating cryptocurrencies into mainstream finance by 2025. Paxos, which introduced Pax Dollar and tokenized gold in 2018 and 2019, respectively, aims to demonstrate the potential of digital assets in enabling scalable settlement solutions. Daya also pointed to the increasing use of tokenized money market funds, predicting that deposits and securities will soon follow suit. However, he cautioned that tokenization should be pursued only when it enhances transaction efficiency, liquidity, or settlement speed, rather than for its own sake.
Paxos Sees Tokenized USD as Crucial for Crypto Adoption by 2025
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