Evolution

Northern

Change

Shen

It was once believed that tokenized assets were exclusively the brainchild of crypto-heads and blockchain buffs. But times have changed, and the narrative has taken an unforeseen twist.<a href="https://www.cnbc.com/2023/09/23/tokenizing-real-world-assets-on-blockchains-is-for-crypto-lovers-as-well-as-crypto-skeptics-now.html" rel="noopener noreferrer nofollow" target="_blank"> </a> 
As we’ve inched closer to the end of this decade, the concept of tokenizing real-world assets (RWA) has captured the attention of not only mammoth financial entities such as Citi, <a href="https://www.cryptopolitan.com/jpmorgan-dissing-ethereum-says-disappointing/" data-type="post" data-id="371423" rel="noopener noreferrer nofollow">JPMorgan</a>, and Northern Trust but also smaller, crypto-native players. 
<h2 class="wp-block-heading" id="diving-deep-into-the-tokenization-evolution">Diving Deep into the Tokenization Evolution</h2> 
Back in 2015, the banking giants brushed off the allure of bitcoin and cryptocurrencies. Yet, there was something irresistible about blockchain’s underlying ledger technology. It promised the moon: 24/7 settlement, surefire execution, and slashed transaction fees. 
Who wouldn’t want a slice of that cake? But the pivot in the tokenizing tale isn’t rooted in these financial juggernauts alone. A new wave has been ushered in by smaller players who now see the promise in tokenizing real-world assets. 
Maria Shen of Electric Capital weighed in on the subject, highlighting a shift in the demographic of interest. Previously, the dominant dialogue revolved around behemoths like high-net-worth individuals, university endowments, and pension funds. 
But now, the limelight has turned to on-chain institutions. A perfect illustration of this change is MakerDAO, a decentralized finance protocol. This platform isn’t simply trading in crypto; it’s engaging institutions to borrow their stablecoin and tokenize assets like T-bills. 
To simplify, Maria Shen sees three categories of users in this blossoming realm of RWAs: 
<ol> 
 <li>Everyday consumers using tokenized assets for tasks like remittances and savings.</li> 
 <li>Corporate entities leveraging stablecoins to square off with their suppliers.</li> 
 <li>On-chain establishments, epitomized by MakerDAO, who are scavenging for profits through tokenized treasures like Treasurys.</li> 
</ol> 
<h2 class="wp-block-heading" id="the-winds-of-change-favoring-real-world-assets">The Winds of Change Favoring Real-World Assets</h2> 
Stuti Pandey from Kraken Ventures offered some clarity on the trajectory of RWAs. She opined that a major shift has been driven by the fluctuating landscape of interest rates. 
Let’s be honest, when decentralized finance was throwing around synthetic yields as insane as 80% to 200%, RWAs felt like an antiquated concept. Why would anyone look at real-world assets when virtual treasures were so bountiful? 
But with the plummeting rates, the tables have turned, and now, the yields from RWAs are raising eyebrows. These real-world assets, which once seemed stagnant, are now being propped up by enhanced tokenization frameworks and infrastructure. This isn’t just about getting a foot in the door but firmly establishing a presence in a rapidly expanding market. 
So, here we are, at the crossroads of a new financial revolution. Tokenization isn’t the future – it’s the present. And those who dismiss it as a fleeting crypto fad might just find themselves left in the digital dust. As for the skeptics? 
It’s high time to realize that tokenizing real-world assets isn’t a mere fantasy of a few crypto aficionados. It’s rapidly becoming the heartbeat of a new financial realm. And whether you’re a fan or a critic, there’s no escaping its influence. Buckle up; it’s going to be one hell of a ride.

Tokenized assets not just for crypto fans anymore

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