At Swiss Web3 Fest, industry experts presented the idea that tokenization opens up new opportunities and ways to create solutions that didn't exist before.

Estimates from the Boston Consulting Group point to the potential value of the real asset tokenization industry at $16 trillion in the coming years. However, the impact of tokenization extends far beyond the financial numbers and could help find new solutions to solve real-world problems, especially in developing countries.

Christophe Mussenbrock of decentralized insurance protocol Etherisc explained how tokenization can help farmers in Kenya receive payments more quickly and avoid long waits, which in the case of traditional insurance can threaten family businesses.

It is also noted that traditional insurance companies are beginning to take an interest in online solutions, which is indicative of ongoing changes in the industry.

Stepan Rind of BrickMark Group emphasized that asset tokenization can provide access to financial products to more people and help reduce the wealth distribution gap.

Carlos Mazzi of Finka shared the experience of tokenizing the La Pradera cattle ranch in Bolivia, which created value from agricultural resources. He also noted that while the tokenization process was complex, the challenge remains the lack of market acceptance of the idea.

Experts also argue that the adoption of tokenization will accelerate with the development of central bank digital currencies, making the technology more accessible to billions of people. Regulation will also increase the use of tokens to represent various assets.

Overall, it is expected that in ten years, most people will be interacting with tokens on a daily basis, even if they do not realize it.

September 22