tZERO CEO sees tokenization entering mainstream markets within five years

Alan Konevsky, CEO of U.S. blockchain-based securities trading platform tZERO, said in an interview with CoinDesk that tokenization is likely to gain a foothold in mainstream markets within five years. Konevsky said the electronification of the securities industry and the traditional retail sector’s shift to e-commerce typically took five to 10 years to spread in earnest. He added that tokenization has already been underway for three to five years, suggesting the time left before broader mainstream adoption is not long. Konevsky also stressed that traditional finance and digital asset firms could fall behind in market competition if building their own related infrastructure takes two to three years.