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(Investing.com) The mainstream financial industry is starting to scratch the surface regarding the benefits of security tokens and the underlying blockchain technology. Banks, exchanges and payment companies are already developing test cases, working on new products and applying for patents all based on blockchain technology.

The technology is being pushed further by the growing popularity of cryptocurrencies and tokens. The growth in innovations is, in part, because of its revolutionary decentralized model that many industries find advantageous as it streamlines the business processes.