Howard Lutnick is the CEO of Cantor and Fitzgerald. He has expressed his support of crypto-stablecoins as well as the tokenization financial assets.
The United States of America is committed to dollar hegemony. Lutnick, at the Chainalysis He spoke at a conference in New York to express his support for the well-supported Stablecoins Like Tether Circle.
Cantor is the custodian of Tether The largest stablecoin issuer, Holdings has had its claims about backing scrutinized.
Lutnick argues that stablecoins are beneficial to the U.S. Economy by driving up demand for U.S. Treasury bonds and representing non-systemic risks.
Lutnick, who focused on the benefits of blockchain in financial services, predicted that a shift would be made towards cryptocurrencies. tokenizing Real-world Assets (RWABlockchain technology has enabled the creation of bonds and other financial instruments.
I think that proper Blockchains […] “I think that you’ll see fundamental tokenization in the financial asset space over the next decade,” Lutnick stated.
Major financial institutions such as BlackRock, Brevan HowardKKR and, are exploring technology to create fund components.
CitigroupThe projection by that the market for tokenization could reach $5 trillion in 2030 shows how large this change can be.
However, Lutnick Concerns raised by central banks about digital currency (CBDCsThey feared that other countries, including China, would perceive them as spying tools.