As Tokenization Takes off, Look to DAOs
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Real World Assets
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“Tokenization” — the biggest buzzword in crypto markets currently — means not just bringing new digital assets on-chains, but, in the future, originating and settling them on-chain as well.
Dave Hendricks argues tokenizing real world assets, like his attempt launching security tokens, is harder to pull off technically and legally than the hype would suggest. (Ali Kokab/Unsplash, cropped)
Celo, which is in the midst of transforming into an Ethereum layer 2 network, increasingly positions itself as a blockchain for real-world assets.
U.S. Treasuries are a gateway for tokenization efforts, and has grown to a $850 million market from $100 million over the past year, rwa.xyz data shows.
While most market watchers are focused on bitcoin ETFs at the moment, Decentralized Physical Infrastructure Networks (DePIN) and Real World Assets (RWA) hold a lot of long-term promise, says Colton Dillion, CEO of Hedgehog.
With TradFi moving in, the crypto industry is finally taking its place as the future of finance, says Kelly Ye, at Decentral Park Capital.
SocGen said tokenized bonds provide greater transparency and traceability, as well as speedier transactions and settlements.
Blue-chip institutions including Goldman Sachs and J.P. Morgan are trialing digital asset offerings, seeking cost savings and efficiencies.
Republic Crypto is launching R/Note, a tokenized security whose owners get payouts from the company’s venture exits. It will live atop the Avalanche blockchain.