Tokenizing real-world assets on a blockchain is one of the buzziest topics of the year, and this time it isn't just coming from financial incumbents like Citi, JPMorgan and Northern Trust, it's coming from crypto native players, too.
As the world of crypto becomes more connected to the broader financial market, the appetite for tokenizing real-world assets, or RWA, is coming from smaller participants as well.
Kraken Ventures' Stuti Pandey said since tokenization's last hype cycle, RWAs have benefited from changes in economics, technology and credibility.
"Over the past few years, interest rates have been very depressed and that has favored very high growth, high risk assets," she said.
Now that rates are down, it's actually these real-world assets that have interesting yield."
Persons:
blockchains, RWA, Maria Shen, MakerDAO, Shen, That's, Stuti Pandey, it's
Organizations:
Citi, JPMorgan, Northern Trust, Electric Capital, CNBC, Kraken Ventures