Blockchain technology opens up new possibilities in the financial sector

As the new era arrives, various fields are attracting attention, and we will introduce current trends, future predictions, and keywords to watch, focusing on crypto assets and security tokens (ST).

The emergence of next-generation technology is bringing changes to the world of finance. The term Fintech, a combination of finance and technology, has become widely used in society.

The expansion of the crypto asset market using blockchain and the full-scale launch of security token (ST) trading in Japan are prime examples of this. In light of record inflation and extremely chaotic social conditions, the financial sector is also entering a new phase.

The next stage of crypto assets as financial assets

Many people immediately think of crypto assets when they hear the word fintech. Bitcoin (BTC), created in 2009 by an unidentified person calling himself Satoshi Nakamoto, has revolutionized the financial sector and also sparked new innovations.

One event that Bitcoin has brought to the financial sector is the approval and start of trading of spot ETFs in the United States, which is still fresh in our memory. Until now, the realization of a Bitcoin spot ETF had been distant due to various reasons, such as Bitcoin's high volatility and management risks, but it was born as a result of the tireless efforts of various companies. This has strengthened the connection between crypto assets and existing finance.

On the other hand, with the approval of a Bitcoin spot ETF and the inflow of more funds from individual and institutional investors than ever before, it has become common to hear people express that "Bitcoin has been incorporated into existing finance."

However, the fact that an internet asset that has only been around for about 15 years has been recognized as a financial asset in the world's largest economic power, the United States, is of great historical value.

It is true that the vision may differ from what Satoshi Nakamoto originally envisioned, but it can certainly be said that Bitcoin has revolutionized the world in the core and fundamental aspect of innovation, which is to improve people's lives. And as can be seen from the record inflow of funds into Bitcoin spot ETFs, it can also be said that Bitcoin and crypto assets are about to swallow up existing finance.

The next stage for crypto assets as financial assets is "accelerated popularization." As a tool to brighten up daily life, the world needs to first create an environment where many people can have access to them.