Bank of America report: Tokenization of real assets becomes a new focus, Dubai real estate tokenization plan attracts follow.

[Chain News] On August 1, news emerged that Bank of America (BAC) stated in a report on Monday that while USD-backed stablecoins continue to dominate the market, recent discussions with investors indicate an increasing focus on the tokenization of real-world assets (RWA), including stocks, bonds, bank deposits, and real estate. This shift marks the bank's journey towards fully blockchain-based transactions over the years. The report noted that this transformation requires substantial infrastructure development but is expected to usher in a new era of round-the-clock access across global jurisdictions, instant settlements, and enhanced liquidity, all supported by compliant smart contracts.

The report specifically mentions the real estate tokenization platform recently launched by the Dubai Land Department (DLD), which aims to digitalize real estate assets valued at $16 billion by 2033 and enhance the accessibility of such illiquid assets through fractional ownership. Analysts believe that as blockchain technology becomes more widespread, traditional banking services such as Citibank's trading services (which account for 40% of profits) may face disruption, but the market may be underestimating their technological adaptability. The report adds that the push for tokenization marks an important milestone for the application of blockchain technology in the real world.