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Traditional financial institutions are actively preparing for a surge in adoption to avoid being caught flat-footed by a sudden shift in market demand, according to Moody\u2019s. <\/p>\n
Major US banks and financial market intermedia<\/a>ries expect the transition to a digitized financial system to start slowly, then hit a tipping point at which it accelerates, according to credit rating agency Moody\u2019s Ratings.<\/p>\n In a report Tuesday, the agency said that, during conversations with US banks and other financial market intermediaries, most viewed the shift as inevitable and agreed it would start \u201cslow, then fast,\u201d with tokenization volume increasing and extending to more market participants, assets and use cases.<\/p>\n \u201cAcross our conversations, industry leaders general<\/a>ly believed that broad asset tokenization will happ<\/a>en; the main uncertainties center around how quickly and in what sequence,\u201d Moody\u2019s said.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n