HOW TOKENIZATION IS RE-SHAPING BANKING AND PRIVATE EQUITY

Summary from the TLDR Crypto newsletter

This post explains how tokenization is altering the role of banks and private equity, with private markets shifting to digital platforms. Banks are lending to PE firms, which are gradually assuming bank lending functions. This development is causing a significant change in the operation of credit markets. Companies like Apollo, KKR, and Wellington are adopting tokenization, allowing private equity funds to start to resemble banks. Shadow banking is mimicking traditional banking systems through tokenization, replicating their functions.