1、CIRCLE ON HOW TO MAKE DIGITAL FINANCE AS UBIQUITOUS AS THE INTERNETMARA ON THE PHYSICAL BACKBONE UNDERPINNING DIGITAL INFRASTRUCTURE BARCLAYS ON HOW TO INNOVATE WHILE STAYING TRUE TO TRADITION WITHIN FINANCEDIGITAL ASSETS AND TOKENIZED FINANCEDIGITAL ASSETS AND TOKENIZED FINANCEAN FII INSTITUTE PUBL

2、ICATION 1/31.CRUNCHING THE NUMBERSUnderstanding the scale of the opportunity in these two areas.90+%of central banks are exploring CBDCs in some form100+central banks are engaged in CBDC work as of early 2025(S O U R C E:C O I N L A W C B D C S T A T I S T I C S 2 0 2 6)MAJORITY OF AMERICANS WOULD O

3、PPOSE A CBDC IF IT MEANT THE GOVERNMENT COULD SEE OR CONTROL THEIR SPENDING,IT ELIMINATED CASH OR IT ATTRACTED CYBERATTACKSWould you support or oppose the federal government issuing a central bank digital currency(CBDC)if it meant.Percent who oppose CBDCs if it meant:(S O U R C E:C A T O I N S T I T

4、 U T E,H T T P S:/C O I N L A W.I O/C B D C-S T A T I S T I C S/)the government could control what people spend their money on,and whenthe government abolished allUS cash,so no one could use dollar billsthe government would be able to see everything you purchase with the digital currencyit attracted

5、 cyberattacks by accumulating personal financial data into one large databasethe Federal Reserve could charge a tax on Americans who do not spend during recessionsthe government could freeze the digital bank accounts of political protesters?many people stopped using private banks,causing some banks

6、to go out of business74%68%68%65%64%59%52%BREAKDOWN OF TOKENIZED ASSETS BY CLASSPRIVATE CREDIT 61%TREASURIES 30%COMMODITIES 7%INSTITUTIONAL FUNDS 2%(S O U R C E:C O I N L A W.I O)$4 trillion of real estate could be tokenized by 2035(S O U R C E:D E L O I T T E C E N T E R F O R F I N A N C I A L S E