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How Blockchain Technology Is Impacting Financial Planning

GOBankingRates
Summary
Nutrition label

81% Informative

The market for tokenized assets could reach $2 trillion to $4 trillion by 2030 , according to a recent McKinsey report.

McKinsey reported that we may see the most growth in assets like mutual funds, bonds, ETFs and loans.

Smart contracts operate on the blockchain, with the terms of the agreement written into the code.

The technology introduces speed, efficiency, security and reduced costs.

VR Score

78

Informative language

74

Neutral language

49

Article tone

semi-formal

Language

English

Language complexity

58

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

long-living

External references

16

https://www.mckinsey.com/industries/financial-services/our-insights/from-ripples-to-waves-the-transformational-power-of-tokenizing-assetshttps://www.gobankingrates.com/investing/crypto/cheap-cryptocurrencies-check-out/?hyperlink_type=manual&utm_term=related_link_3&utm_campaign=1288464&utm_source=msn.com&utm_content=7&utm_medium=rsshttps://www.gobankingrates.com/money/economy/what-is-middle-class-in-us/?hyperlink_type=manual&utm_term=morefrom_link_2&utm_campaign=1288464&utm_source=msn.com&utm_content=9&utm_medium=rsshttps://www.gobankingrates.com/build-lasting-wealth-2444387/?hyperlink_type=manual&utm_term=related_link_2&utm_campaign=1288464&utm_source=msn.com&utm_content=3&utm_medium=rsshttps://www.gobankingrates.com/money/financial-planning/how-blockchain-technology-is-impacting-financial-planning/?utm_term=source_link&utm_campaign=1288464&utm_source=msn.com&utm_content=13&utm_medium=rsshttps://www.gobankingrates.com?utm_term=bottom_link&utm_campaign=1288464&utm_source=msn.com&utm_content=12&utm_medium=rsshttps://www.gobankingrates.com/msn-retire-rich-suze-orman-2519627/?utm_term=media_link&costid=304&utm_campaign=1288464&utm_source=msn.com&utm_content=5&utm_medium=rsshttps://www.gobankingrates.com/investing/crypto/best-cryptocurrency-to-invest-in/?hyperlink_type=manual&utm_term=incontent_link_1&utm_campaign=1288464&utm_source=msn.com&utm_content=1&utm_medium=rsshttps://www.gobankingrates.com/consider-financial-advisor-not-wealthy-2287035/?hyperlink_type=manual&utm_term=morefrom_link_4&utm_campaign=1288464&utm_source=msn.com&utm_content=11&utm_medium=rsshttps://www.linkedin.com/pulse/blockchain-finance-how-revolutionizing-financial-industry-charles-lau-qufrc/https://www.gobankingrates.com/money/financial-planning/financial-planning-guide/?hyperlink_type=manual&utm_term=incontent_link_2&utm_campaign=1288464&utm_source=msn.com&utm_content=4&utm_medium=rsshttps://www.coindesk.com/markets/2024/06/21/mckinsey-sees-just-2t-of-tokenized-rwas-by-2030-in-base-case-with-broad-adoption-still-far-away/https://www.gobankingrates.com/msn-retire-rich-suze-orman-2519627/?utm_term=media_link&costid=304&utm_campaign=1288464&utm_source=msn.com&utm_content=6&utm_medium=rsshttps://www.gobankingrates.com/retirement/social-security/economist-prediction-for-social-security-if-kamala-harris-wins-the-election/?hyperlink_type=manual&utm_term=morefrom_link_1&utm_campaign=1288464&utm_source=msn.com&utm_content=8&utm_medium=rsshttps://www.gobankingrates.com/real-estate-investor-bezos-backed-startup-2283413/?hyperlink_type=manual&utm_term=morefrom_link_3&utm_campaign=1288464&utm_source=msn.com&utm_content=10&utm_medium=rsshttps://www.gobankingrates.com/investing/strategy/expert-recommended-alternative-investments-how-they-work-when-to-invest/?hyperlink_type=manual&utm_term=related_link_1&utm_campaign=1288464&utm_source=msn.com&utm_content=2&utm_medium=rss

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