1. Tokenisation will increase
When Mike Winkelmann’s Everydays – the first non-fungible token (NFT) of a digital artwork to be offered by a major auction house – sold for $69m (£52m) at Christie’s in March, the excitement it caused extended far beyond the art world. NFTs are set to become part of the wealth management mainstream next year.
In November, Goldman Sachs announced that it would be adopting Daml, a development framework created by blockchain startup Digital Asset to enable financial institutions to execute agreements on a blockchain. Tokenisation represents a “vast commercial opportunity”, according to Mathew McDermott, head of digital assets in Goldman Sachs’ global markets division.