Moody's: The correlation between public chains and traditional infrastructure will promote the growth of the blockchain industry

Moody's believes that over time, public chains such as Ethereum will become more interconnected with traditional infrastructure, which will enhance the use cases of blockchain and promote industry growth. In the past 12 months, the total value of tokenized real-world assets on public chains has increased from $1 billion to $2 billion, with Ethereum currently hosting the majority of these tokenized assets. Moody's states that one factor hindering the adoption of tokenization is a lack of reliable digital cash forms, leading market participants to settle transactions off-chain or use stablecoins. Moody's predicts that the development of tokenized bank deposits and CBDCs will continue to progress in 2024.