Oliver Harris, the new head of JPMorgan's tokenization platform Kinexys, said, "Asset tokenization is not a panacea for solving liquidity issues. However, I believe this technology is ready to completely dismantle and replace the existing legacy backend systems in the financial industry." According to CoinDesk, he added, "True change comes not from tokenizing individual assets, but from rebuilding the systems that underpin those assets. Technology and regulation have now matured sufficiently. As large banks increase their investment in blockchain infrastructure, they will begin to reshape how markets operate."
