- Tokenization, the process of developing and issuing a digital asset representing a real-world asset, is gaining recognition, as BlackRock CEO Larry Fink states that it will be the “next generation for markets”
- Brian J. Esposito, the CEO of multi-strategy operating company Diamond Lake Minerals, shares Fink’s vision and regards tokenization as a game-changing concept for investors
- Esposito believes tokenized assets provide opportunities to people who would have never had a chance to directly own such assets or participate in offerings
- DLMI hopes to capture a significant market share by offering SEC-registered tokens, appealing to investors who might be reticent to purchase digital assets like cryptocurrency that are not regulated
Tokenization is the process of developing and offering a digital asset that represents an existing, real-world asset. BlackRock, the world’s largest asset manager, is at the forefront of this digital transformation that is driving greater accessibility and efficiency within the traditional finance and investment spaces. Led by CEO Larry Fink, a visionary who holds that tokenization of financial assets will be “the next generation for markets” (https://ibn.fm/mRSiu), BlackRock recently launched the BlackRock USD Institutional Digital Liquidity (“BUIDL”) Fund, its first tokenized fund, issued on the Ethereum public blockchain (https://ibn.fm/0Da6G).
Larry Fink is not alone in his assessment of a future characterized by tokenized assets. Other executives, including Jonathan Larsen, the CEO of Ping A Global Voyager Fund, and Brian J. Esposito, the CEO of multi-strategy operating company Diamond Lake Minerals (OTC: DLMI), share this vision. For his part, Larsen believes that tokens in finance are “a really massive trend… a much bigger story than cryptocurrencies,” while Esposito regards tokenization as a game-changing concept and technology for investors.
Speaking in a recent interview with Proactive Investors, Esposito talked about the potential of tokenization of financial assets in redefining investing, saying, “It opens up a global audience to buy into real-world assets that [they] never had a chance to buy into before.” This democratization of investment opportunities, Esposito continued, opens up opportunities to people who would have otherwise and previously never had a chance to create wealth, own assets, or be part of offerings.
Esposito’s statement also captures another advantage of tokenization: scale. It enables companies like DLMI to access a wider, global audience, who, by investing “a little bit of money into something,” can help the companies “create liquidity, as opposed to going to a smaller audience and asking them for a lot of money, which they may not have.”
A key technology that supports and facilitates tokenization is the blockchain, which, Esposito explained, provides a “complete digital footprint” of where all transactions occur and acts as proof of transfer of ownership, ergo guaranteeing transparency. For instance, he stated, the blockchain records all transactions that may have occurred “from an initial primary offering or purchase and then how [the token] may have exchanged hands in the secondary market.”
Moreover, tokenization and the blockchain reduce transaction fees and promise instantaneous settlement, doing away with the need for traditional clearing houses or settlement processes. DLMI also believes that advanced technologies like zero-knowledge proofs could facilitate user verification without exposing sensitive data, making the financial system more efficient and secure.
Diamond Lake Minerals aims to be a parent company by responsibly innovating and developing valuable industry-agnostic traditional businesses (subsidiaries) that are, by and large, real-world assets. Employing state-of-the-art technology, the company then tokenizes these real-world assets, creating SEC-registered security tokens, a specific type of digital assets.
DLMI believes its adherence to SEC regulations sets new industry standards for security and compliance. Moreover, it positions the company to capture a significant market share in a rapidly growing digital asset ecosystem by appealing to investors who might be reluctant to purchase unregulated digital assets like cryptocurrency. This is especially convenient presently as reports emerge showing that retail traders are beginning to return to the crypto market after the 2022 bear run (https://ibn.fm/Nt3lI).
With experts viewing tokenization as the future and BlackRock launching its first token fund, DLMI is actively involved in what appears poised to be a market-defining trend. And by buying into Diamond Lake Minerals, potential investors get front-seat access to a market that’s on the up – experts believe the tokenization market could reach $10 trillion in 2030 (https://ibn.fm/3lzcW).
For more information, visit the company’s website at www.DiamondLakeMinerals.com or LinkedIn page at www.LinkedIn.com/company/Diamond-Lake-Minerals/.
In addition, for information on the company’s security token SEC-regulated exchange partner INX, and the development of the INX Way, visit https://www.inx.co/inx-ebook/. This free security token bible, written with the SEC on the rollout of security tokens and the future of digital assets, will greatly deepen your understanding of security tokens.
NOTE TO INVESTORS: The latest news and updates relating to DLMI are available in the company’s newsroom at https://ibn.fm/DLMI
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