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All Financial Assets to Trade on Blockchain Soon, U.S. Government Leading: Journalist
🇰🇷 South Korea /Technology

All Financial Assets to Trade on Blockchain Soon, U.S. Government Leading: Journalist

From Chosun Ilbo · () Korean

Translated from Korean, summarized and contextualized by DistantNews.

At a glance

News Named sources New plan
  • A journalist predicts that all financial assets will soon be traded on the blockchain, with the U.S. government leading the charge.
  • The article highlights the growing importance of blockchain technology in the financial sector.
  • The author has previously written a book on stablecoins and is currently running a study group on the topic.

The financial world is on the cusp of a major transformation, with blockchain technology poised to revolutionize how assets are traded. Journalist Kim Shin-young predicts that "the day when all financial assets will be traded on the blockchain is not far off," emphasizing that the U.S. government is spearheading this shift.

This assertion underscores the increasing integration of blockchain into mainstream finance. The technology's potential for transparency, security, and efficiency is driving its adoption across various financial sectors. Kim's prediction suggests a future where traditional trading systems are augmented or replaced by decentralized ledger technology.

Kim Shin-young, who covers the Bank of Korea for the economic desk, has authored a book titled "The New Era of Money, Stablecoins." Her ongoing "Stablecoin Study" series further indicates her deep engagement with the evolving landscape of digital finance and its underlying technologies.

The day when all financial assets will be traded on the blockchain is not far off. The U.S. government is leading the charge.

— Kim Shin-youngA journalist's prediction about the future of financial asset trading and the role of the U.S. government.
DistantNews Editorial

Originally published by Chosun Ilbo in Korean. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.

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