Inks are still being worked out, but the potential is there. Cryptocurrencies like Bitcoin have been criticized for not being real because they’re not backed by hard assets in the real world, being highly speculative, and even ridiculous meme-coins and cartoon apes selling for millions. But what if the next generation of crypto is not made of magic internet money but the cryptographic tokenization of stocks, bonds, cars, and real-life things? Tokenization has quietly surged during crypto winter, and people – including the suits on Wall Street – are starting to care. Tokenization can be used to create liquidity for things that aren’t liquid today, and even intellectual property can be tokenized. Tokenization can also make the game more fluid for private equity funds, and can even cut out the middleman of the U.S. dollar. Tokenization has been around since 2017, and the infrastructure has improved, the on-ramps are smoother, institutions are token-curious, and surprising economic forces have spurred adoption. A report from Boston Consulting Group suggests that by 2030, the tokenized RWA market could swell to $16 trillion. Welcome to the sneaky-lucrative world of RWAs.
Tokenization of Real World Assets: The Sneaky-Lucrative World of RWAs
