Benjamin Onomor, Chief Executive Officer of cryptocurrency startup Roqqu, described tokenization as the future of global finance, citing its potential to democratize access to investment opportunities and to reshape capital markets.
WHAT ROQQU SAID
Onomor made the remarks following Roqqu's partnership with Ondo Finance, a player in tokenized real-world assets, aimed at accelerating the adoption of blockchain-based financial products across emerging markets. "Before now, access to the world's best financial products has been limited by geography, infrastructure, and regulation. Tokenization is changing that," Onomor said.
Onomor said that while hundreds of trillions of dollars' worth of financial assets exist globally, only a small proportion have been tokenized. "We have entered a new era where financial assets can move with the speed of the internet, settle around the clock, and become more accessible to investors globally. At Roqqu, we believe the future of finance is tokenized," he said.
THE ONDO PARTNERSHIP
Onomor said the partnership with Ondo Finance was a significant step toward extending the benefits of tokenized finance to Africa and other underserved markets. The collaboration is designed to broaden access to institutional-grade tokenized financial products.
"Expanding access to tokenized real-world assets across emerging markets is a key priority for us, and partnerships like this one with Roqqu are part of how we're making that happen," said Min Lin, Managing Director of Global Business Development at Ondo Finance. "We look forward to bringing Ondo tokenized stocks and ETFs to their users and growing participation in the tokenized economy."
NIGERIA CONTEXT
The announcement came amid growing cryptocurrency adoption in Nigeria. A report by Thunes and Juniper Research found that about 40% of Nigerians use cryptocurrency for international money transfers, against a global average of 11%.
Roqqu said the partnership aligns with its strategy of using blockchain technology to expand access to global financial opportunities.
Sources: Nairametrics
Bank news that matters, every weekday.
Follow The Global Banker on LinkedIn