Offchain Labs executive says tokenization could reduce role of financial intermediaries

Offchain Labs’ Steven Goldfeder said broader asset tokenization could reduce the role of traditional financial intermediaries. In an interview with Cointelegraph, Goldfeder said tokenization creates an environment where transactions can take place without going through some financial middlemen, while giving users the benefits of 24-hour trading and immediate payment and settlement through stablecoins. He added some financial institutions may resist the shift to preserve their role and influence in the market.