Regulation will remain really slow.
Thematic investing will prevail.
Token issuance will expand.
We expect municipalities, universities and small corporations to start issuing tokens. Munis will replace general obligation bonds and revenue bonds with new infrastructure and reward tokens. Universities will issue tuition tokens, and small corporations will issue pass-thru tokens that combine loyalty rewards with quasi-equity.
Digital asset technology will underpin all asset classes.
Financial investments have traditionally fallen into 5 asset classes: cash, equities, fixed income, real estate, and commodities. We’re not sure that digital assets are going to be the 6th asset class or instead if it's going to be the technology that underpins all asset classes.
Rayne Industry Predictions