Tag Archives: tokenization

Real World Tokenization Unpacked; An Overview of Anndy Lian’s Fireside Conversation

Real World Tokenization Unpacked; An Overview of Anndy Lian’s Fireside Conversation

Delving, into the world of real world tokenization goes beyond comprehending the technology; it involves understanding the complexities of a changing ecosystem that is set to transform various industries. Anndy Lian, a blockchain specialist and respected author known for his insights recently participated in a fireside chat that delved deeply into this topic. Led by Faraj Abutalibov, the Chief Commercial Officer of the Venom Foundation the dialogue unfolded into a range of perspectives providing guidance for both professionals and newcomers in the blockchain field.

Exploring Tokenization; Anndy Lians Journey

Lian’s exploration of blockchain began in 2013 when Bitcoins significance was just starting to emerge. His initial venture into cryptocurrency marked the start of a career that now includes advising governments on implementing technology and managing funds within Singapore’s dynamic financial sector. With experience ranging from investments to high level government consultations Lian’s insights are rooted in practical applications enriching the fireside conversation, with real world wisdom.

Uncovering Tokenization Trends

The conversation commenced with Lian presenting an overview of how tokenization has evolved over time.

From doubt, among governments to the current environment where even major financial institutions support the tokenization of Real World Assets (RWA) the journey has been truly transformative. Lian highlights the preparedness propelling this movement marking a moment when the foundation for efficient tokenization is stronger than ever before.

However amidst all the excitement Lian draws attention to a discussed issue. The lack of revenue models for ventures in tokenization. Drawing from experience he delves into the complexities surrounding assets such as estate pointing out the difficulties in achieving liquidity and establishing sustainable income streams. It serves as a reminder that while the momentum is undeniable addressing core business modelss essential for long term success.

Revenue Strategies; From Industry Leaders to Newcomers

Lians examination of revenue models reveals a landscape within the realm of tokenization. Established entities with sources of income may find stability. Startups encounter challenges, in securing significant funding amidst uncertainties. In this context Lians call for innovation resonates strongly highlighting the importance of approaches to asset tokenization and setting industry standards.

A notable success story emerges in art tokenization domain through Non Fungible Tokens (NFTs).
Lian demonstrates how NFTs can enhance the value of artworks making an argument, for their broader implementation across various industries.

Addressing Challenges; Overcoming Regulations and Doubts

The journey towards acceptance faces hurdles particularly in terms of navigating complex regulations and dispelling lingering doubts. Lian and Abutalibov highlight the lack of uniformity in asset standards and regulatory frameworks across regions as barriers. Tackling these challenges requires a structure and extensive educational efforts to clarify the practical benefits of tokenization.

Future Perspectives; Transformative Possibilities

Looking forward Lian discusses the transformative effects of tokenization on the sector. With expectations of increased efficiency he envisions a future where tokenization enables more cost effective money transfers assuming successful implementation in real world scenarios.

Promoting Adoption; Revolutionizing Retail

Emphasizing the role of users in driving crypto adoption Lian envisions a pivotal moment similar to Chinas adoption of digital payments that could spur widespread acceptance. His insights stress the importance of user interfaces and enhanced accessibility to create an inclusive environment for cryptocurrency adoption.

Exploring NFTs; Going Beyond Hype

Concluding his thoughts Lian mentions his book titled “NFT from Zero, to Hero ” underscoring the significance of education and simplification in navigating the realm of NFTs.
Despite the perception that NFTs are losing relevance they are actually expanding into areas, beyond art and gaming.

In a conversation Anndy Lian provides a view of how tokenization is being applied in real world scenarios highlighting both the challenges and opportunities it presents. His perspectives offer insights for individuals in the industry navigating this changing landscape encouraging innovation and fostering a shared journey towards harnessing its transformative potential. For those interested, in diving the conversation imparts a wealth of knowledge signaling a future where tokenization revolutionizes industries and opens up possibilities.

 

Source: https://wishu.io/real-world-tokenization-unpacked/

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Anndy Lian: Why RWA Tokenization is Taking Off

Anndy Lian: Why RWA Tokenization is Taking Off

‘Show Me The Money’

Many companies are tokenizing assets, and while I think that technology is 100% ready — and you can see big banks coming in — there’s one thing that is really missing.

And that’s not just adoption. It’s “how can companies make money?” What is the actual revenue model?

It’s hard because — if we take tokenizing properties as an example — how will an exchange earn money?

Exchanges can only earn money through different products or the number of transactions — but if you’re offering products like a securitized token or a property, you will not get that much trade on a day-to-day basis.

So the way to earn that money is very tough.

There is also a huge liquidity problem. What makes us so sure that if we tokenize that property, someone from the crypto space is willing to pay for the token?

So I think an issue here is how the revenue model can help sustain a company — maybe it is workable for the bigger banks or a large asset manager, but how are the smaller or medium players going to find a reason to buy in?

Right now, I don’t think that property is the best avenue, but maybe commodities are a good target.

So, we need sustainable revenue streams and to not ignore liquidity issues, particularly in tokenizing assets like real estate.

But we are seeing some successes: Art tokenization offers a unique blend of digital and physical value, driving demand and creating new revenue streams.

Successful art tokenization projects such as Oracle Red Bull Racing’s NFTs, and leveraging non-fungible tokens (NFTs) for ownership show the ways to unlock value in the digital art space.

Hype vs Utility of Tokenization

I still think that the whole tokenization sector is largely driven by hype. Still, a smaller percentage of people and companies will look at the technology at a deeper level — to look at how we can reduce fraud and increase the traceability element that the blockchain can offer.

The other outstanding issues are standardization of asset classes and regulation — especially from country to country.

Navigating regulatory complexities is a significant challenge: Without clear guidelines and frameworks — it becomes arduous.

I think tokenization also doesn’t accelerate as fast as we want because a huge percentage of people do not think that tokenizing will be that useful — if they think that the only goal is “tokenize a product”.

People will think in terms of: “Will the property sell well, whether it’s tokenized or not?”

But I always go back to the basics — it’s about traceability, about reducing fraud. If you can use that as the use case (for property, deeds, and so forth) and make it easy to use, then tokenization can revolutionize financial transactions, making them faster, more cost-effective, and transparent.

Trust and the Blockchain

Trust is a fundamental aspect of any financial system. Blockchain technology, with its immutable and transparent nature, has the potential to bring trust, immutability, and integrity to transactions.

Some other key things that need to be considered are:

  • Interoperability is crucial for the widespread adoption of blockchain technology. We need seamless integration between different networks and protocols to unlock its full potential.
  • Decentralization is one of the core principles of blockchain technology. It empowers individuals and reduces reliance on centralized authorities, promoting greater transparency and trust.

And we need to acknowledge the power of smart contracts, which are a game-changer in the realm of decentralized finance (DeFi). They enable automated and trustless execution of agreements, reducing the need for intermediaries and streamlining processes.

The Bottom Line

If we get all of these things working in sync, I believe that tokenization has the potential to democratize access to investment opportunities, allowing individuals from diverse backgrounds to participate in previously inaccessible markets.

It is not just financial systems; blockchain can empower individuals to take control of their personal data and privacy, mitigating risks associated with centralized data storage.

We’re at the early stages of understanding how blockchain and crypto can revolutionize various industries. From supply chain management to healthcare, the potential applications are vast.

Education is key. Many people still view crypto with skepticism or fear due to misconceptions or a lack of understanding. We need to demystify the technology and showcase its potential to drive positive change.

You can see Anndy talking about tokenization in a fireside chat with Faraj Abutalibov, Chief Commercial Officer of the Venom Foundation, at the World Tokenization Summit, held in Dubai last November:

 

Fireside chat with Anndy Lian at World Tokenization Summit, Dubai

 

 

Source: https://www.techopedia.com/anndy-lian-why-rwa-tokenization-is-taking-off

FAQ

How can companies generate revenue through asset tokenization, especially in industries like real estate?

Anndy Lian's response to the question: Companies can generate revenue through various products and increased transaction volumes. While tokenizing properties might face liquidity challenges, offering unique products like securitized tokens or exploring commodities can open up new revenue streams. Successful examples include art tokenization, where the blend of digital and physical value, as seen in projects like Oracle Red Bull Racing’s NFTs, has driven demand and created successful revenue models.

What challenges hinder the widespread adoption of tokenization beyond the hype, and how can these challenges be addressed?

Anndy Lian highlighted that tokenization faces challenges in standardization of asset classes and regulatory frameworks, varying from country to country. The perception that tokenizing a product might not be useful is another obstacle. Addressing these challenges requires a deeper understanding of tokenization’s potential to reduce fraud and enhance traceability. Focusing on the fundamental use cases, such as improving transparency and reducing fraud in financial transactions, can accelerate adoption.

How does blockchain technology contribute to building trust in financial systems, and what are the key considerations for its successful implementation?

Anndy Lian said that blockchain, with its immutable and transparent nature, has the potential to bring trust, immutability, and integrity to financial transactions. Key considerations for successful implementation include interoperability for widespread adoption, decentralization to empower individuals and reduce reliance on centralized authorities, and the utilization of smart contracts for automated and trustless execution of agreements in decentralized finance (DeFi).

What role does education play in the broader acceptance of blockchain and crypto technologies, and how can misconceptions be addressed?

Education is crucial in demystifying blockchain and crypto technologies. Many people view these technologies with skepticism or fear due to misconceptions or a lack of understanding. By providing comprehensive education, showcasing the potential positive impact of blockchain across various industries – from supply chain management to healthcare – and addressing common misconceptions, we can foster broader acceptance and understanding of these technologies.

In what ways can successful integration of blockchain and tokenization democratize access to investment opportunities and empower individuals?

Successful integration of blockchain and tokenization has the potential to democratize access to investment opportunities. This involves creating seamless interoperability between different networks, promoting decentralization to reduce reliance on centralized authorities, and leveraging smart contracts for trustless execution of agreements in decentralized finance. Anndy Lian pointed out that this not only transforms financial systems but also empowers individuals to control their personal data and privacy, mitigating risks associated with centralized data storage.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Fireside chat with Anndy Lian at World Tokenization Summit, Dubai

Fireside chat with Anndy Lian at World Tokenization Summit, Dubai

Insights

What is the background of Anndy Lian, the guest speaker in the fireside chat on real-world tokenization?

Anndy Lian, based in Singapore, entered the crypto world in 2013 and became fully immersed in blockchain by 2017. He serves as an intergovernmental blockchain expert, book author, and has advised various governments.

How does Anndy Lian view the state of real-world tokenization, and what changes has he observed since discussing the concept in 2017-2018?

Anndy Lian acknowledges the significant traction real-world tokenization has gained. Initially met with skepticism, governments and companies now embrace the idea, recognizing its straightforwardness. The technology for asset tokenization is deemed ready, with big banks and governments leading the wave.

What are the key challenges highlighted by Anndy Lian regarding the revenue model behind some real-world asset (RWA) projects?

Anndy Lian questions the sustainability and revenue generation of RWA projects, especially those tokenizing assets like mid-level properties. He emphasizes the liquidity problem associated with certain asset tokenization.

According to Anndy Lian, what is the future outlook for stablecoins and carbon credit tokenization, and how do governments perceive stablecoins?

Lian sees stablecoins as here to stay, with more governments likely to embrace them within a certain framework. He views carbon credit tokenization as a valid use case, citing the intriguing traceability of the credit itself.

In Anndy Lian's perspective, what impact could tokenization have on the financial industry if adopted on a large scale, and what does he envision for the future of transactions?

Lian believes tokenization, if widely adopted, could revolutionize the financial industry, making transactions more efficient, faster, and cheaper. He envisions the potential for 24/7 clearance and money transfers, leading to a more effective financial system.

 

In the ever-evolving world of blockchain and cryptocurrencies, the concept of real-world tokenization has been gaining significant traction. To delve deeper into this topic, we recently had the pleasure of hosting a fireside chat with Anndy Lian, an intergovernmental blockchain expert and book author.

The discussion was led by Faraj, the Chief Commercial Officer of Venom Foundation, a layer one chain out of Abu Dhabi focusing on stable coins and real-world asset organization globally. Faraj is also the founder of a large community of crypto executives, boasting around 2,000 members.

The guest speaker, Anndy Lian, is based in Singapore but often travels around the globe. He embarked on his journey in the crypto world in 2013 when he bought his first Bitcoin. By 2017, he had fully immersed himself in the blockchain space and has never left since. Lian advises different governments. At one point, he served as a blockchain advisor to an intergovernmental group.

The State of Real-World Tokenization
When asked about his views on real-world tokenization, Lian acknowledged the obvious traction the concept has gained over the years. He recalled how governments were skeptical when he first started discussing the idea around 2017-2018. However, the narrative has since changed. Today, governments and companies are more open to the idea, recognizing the straightforwardness of real-world asset (RWA) tokenization.

Lian believes that the technology for tokenizing assets is 100% ready. He sees big banks and governments pushing the RWA wave, indicating a promising future for the concept. However, he also highlighted a key issue: the revenue model behind some of these RWA projects. He questioned how these companies would sustain themselves and make money, especially given the liquidity problem associated with tokenizing certain assets like mid-level properties.

The Future of Stable Coins and Carbon Credit Tokenization
Discussing the future of stablecoins and carbon credit tokenization, Lian expressed that most government bodies he interacts with recognize that stablecoins are here to stay. He sees a future where more governments will embrace stable coins within a certain framework, which could lead to the acceleration of Central Bank Digital Currencies (CBDCs).

As for carbon credit tokenization, Lian sees it as a valid use case. He has interacted with several carbon credit exchanges and believes that the traceability of the credit itself would be very interesting.

The Impact of Tokenization on the Financial Industry
If tokenization is taken seriously and adopted on a large scale, Lian believes it could have a long-lasting impact on the financial industry. He envisions a future where transactions become more effective, with money moving from point A to B in a much faster and cheaper manner. He also sees the potential for 24/7 clearance and money transfers, leading to a more effective financial system.

The Next Driver of Mass Adoption
When asked about the next driver of mass adoption, Lian expressed his hope for more people to start talking about how they can spend their crypto. He believes that the next “wow” moment would be seeing more adoption, leading to a larger community and driving crypto to the next level.

Conclusion
The fireside chat with Anndy Lian provided valuable insights into the world of real-world tokenization, stablecoins, and carbon credit tokenization. As the blockchain and crypto space continues to evolve, these discussions play a crucial role in shaping the future of the industry. As Lian aptly put it, the key is to read, learn, and explore for oneself, rather than relying solely on influencers or hype.

World Tokenization Summit was held on 21st of November 2023 at Melia Desert Palm, Al Awir Road, Warsan 2, Dubai, United Arab Emirates.

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j