- RWA is still in the early stages, but the BlackRock move could increase momentum.
- Securitize founder believes that mainstream adoption is feasible if RWA hit $1 trillion mark.
Carlos Domingo, Securitize’s founder and CEO, has reiterated that tokenized real-world assets (RWA) will gain momentum if they reach the $1 trillion milestone.
Domingo, whose firm handles BlackRock’s tokenized BUIDL Fund tokens redemptions and placement, emphasized that;
“For tokenized real-world assets, I think we’re in the early stages—like what crypto was before. Even if you add stablecoins, we’re still not at the $200B/$300B mark.”
He added,
“As an industry, I think once we hit the $1 trillion mark of real-world assets on-chain, that’s when this becomes an important part of capital markets and financial services.”
However, the RWA segment could hit the $1 trillion milestone in the next 2-5 years. Especially as momentum picks up after BlackRock’s foray with its Ethereum [ETH]-based BUIDL Fund.
Beyond BUIDL Fund and tokenized US treasuries
After its impact on spot Bitcoin [BTC] ETFs, market watchers have keenly tracked BlackRock’s digital asset strategy.
The move into tokenized real-world assets (RWA) through its Ethereum-based BUIDL (BlackRock USD Institutional Digital Liquidity) Fund has heated up tokenized US treasuries.
The overall tokenized US treasuries hit the $1 billion mark shortly after BUIDL’s debut, per Dune Analytics data.
According to Doming
Go to Source to See Full Article
Author: Benjamin Njiri
Tip BTC Newswire with Cryptocurrency
Donate Bitcoin to BTC Newswire
Donate Bitcoin Cash to BTC Newswire
Donate Ethereum to BTC Newswire
Donate Litecoin to BTC Newswire
Donate Monero to BTC Newswire
Donate ZCash to BTC Newswire
