Tokenization initially damaged the credibility of the financial sector

I will start this post by stating that every time the price action breaks the sideways channel I have been talking about, I confirm my hypothesis that things will go well after the approval of the ETF for Bitcoin, this because, I no longer have any doubts that we are in the midst of the beginning of a major bullish denouement.

Now, beyond the stupendous rebound in the cryptocurrency market today I want to socialize some approaches on how in recent years the word tokenization has become a buzzword, often misunderstood and simplistically applied by individuals and companies.

In an article uploaded by Rodrigo DI Paula Ambrissi for Cointelegraph, the word tokenization "Most associated it solely with the creation of tokens on the blockchain, believing that this was enough to carry out a miracle fundraising, without considering a solid structure behind the scene."

In this regard, "Some companies assumed that structuring and offering, following the cryptocurrency boom in the 2020-2021 bull cycle, would be simple; To do this, all you had to do was say there was something on the blockchain."

Truth be told, "Tokenization is not just saying "I'm going to tokenize." After all, not everything needs to be tokenized, nor does it eliminate previous problems or difficulties in the structure of the product or service"

Cointelegraph. "Tokenization is a means and not an end," says expert. Link

The cover image does not belong to the author: @lupafilotaxia, the image was taken from: Cointelegraph