The launch is the latest example of tokenization, a fast-growing sector that puts traditional assets such as funds, bonds and stocks on blockchain networks. Supporters argue the technology can make assets easier to transfer and settle, reach a wider set of investors globally while enabling around-the-clock trading.

Major firms including BlackRock, Franklin Templeton and Apollo have launched tokenized investment products, helping drive the market for tokenized assets above $30 billion excluding stablecoins, according to rwa.xyz data.

From crypto critic to tokenization backer

Atlas’ move is notable because Roubini spent years criticizing cryptocurrencies as speculative assets with little intrinsic value. However, the distinction appears to…