Franklin Templeton’s Sandy Kaul on how tokenization will let anyone lend out or borrow against securities, like big institutions do
My whole career, one of the things that I always wondered about is every major institution in the world earns extra return on the equities and bonds that they own by lending them out. There’s just been huge securities lending desks, repo trading desks. To me, the most exciting thing about tokenizing securities is that now every person in the world, an AI agent is going to come in and look at my stablecoins or look at my undeployed tokenized deposits in my wallet, and then automatically find the best returning location to invest them. The same thing is going to happen with every security that sits in my wallet. Every tokenized security that sits in my wallet, I can be optimizing by putting it into a lending protocol, or I can be borrowing against it and getting cash to extend my positions in my crypto. I think that the biggest opportunity unlock is that it’s going to allow every person in the world to get these benefits that used to only be available to big institutions.
#Tokenization #DeFi
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