Bank of America: Tokenization of real-world assets is on the rise

Bank of America (BAC) said in a report on Monday that while dollar-backed stablecoins continue to dominate, recent discussions with investors have shown a growing interest in the tokenization of real-world assets (RWAs), including stocks, bonds, bank deposits and real estate. This shift marks the beginning of the bank's multi-year journey toward fully blockchain-based transactions. The report said this transformation requires large-scale infrastructure development but is expected to usher in a new era of 24/7 access across global jurisdictions, instant settlement and enhanced liquidity, all supported by smart contracts that ensure compliance.