Michael Saylor: Tokenization builds free market for credit and yield

The true power of tokenization lies in its ability to create a free market for credit formation and yield generation for asset owners, said MicroStrategy (MSTR) founder Michael Saylor. In an appearance on CNBC, he explained that if various securities were tokenized, investors would naturally seek out the best credit terms and the highest yields. This, he added, could transform how credit and yield are priced across the entire asset market, potentially posing a threat to traditional banks and securities brokers.