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Strategy's Michael Saylor says tokenization will let investors 'shop' for yield
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- "The real power of tokenization is it creates a free market in credit formation and yield for asset owners," the Strategy founder and chairman said Thursday on CNBC's "Squawk Box".
- By contrast, the banks effectively decide customers' financing terms in the TradFi, or traditional finance, system, he added.
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Bitcoin evangelist Michael Saylor said the coming tokenization of financial assets could change how credit and yield are priced across the economy and pose a direct challenge to traditional banking and brokerage businesses.
"The real power of tokenization is it creates a free market in credit formation and yield for asset owners," the Strategy founder and chairman said Thursday on CNBC's "Squawk Box". "So if you can tokenize a bunch of securities, then you can shop for the best credit terms and the highest yield."
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