Global credit rating agency Moody's predicted that the asset tokenization and digital financial transformation of major US banks and financial institutions will start slowly and then spread rapidly. According to Cointelegraph, Moody's stated in a recent report, "Institutions currently see tokenization progressing in a limited manner, focused on simple asset classes such as funds and short-term financial products, but anticipate the possibility of expanding to more assets and market participants in the future. Most large banks and financial infrastructure companies have already established dedicated digital asset organizations and are participating in pilot projects." It added, "The future financial system could evolve along three paths: △gradual growth △low growth △rapid spread. The most likely scenario is one where stablecoins and deposit tokens spread, and traditional banks and asset managers maintain their core roles. On the other hand, if tokenization spreads rapidly, stablecoins could become the on-chain payment infrastructure, potentially putting profitability pressure on some payment providers and banks."
