Tokenization of RWA (Real Assets) “Changes the way value is transferred”[Consensus 2023]| coindesk JAPAN

Tokenizing “Real World Asset” (RWA) is nothing new. But technology and infrastructure have caught up, allowing it to be done at scale and at a level sufficient for asset managers and institutional investors.

Just as cloud computing, initially avoided by large corporations, is now commonplace in organizations like the CIA, real assets will eventually be tokenized on private chains, then on permissioned chains, and finally It will be tokenized on public chains, said Carlos Domingo, CEO of Securitize.

“Companies are becoming more positive.” “Private blockchains are OK, but they only solve part of the problem.” (CEO Domingo)

Tokenization is putting ownership of tangible assets such as precious metals on the blockchain. Realize trading without going through a conventional broker and provide the convenience of buying and selling 24 hours a day.

Christine Moy, head of digital assets at Apollo Global Management, said tokenization would “change the way value is transferred” and is only possible now as technology gaps are closed. I continued to say that I became

“The concept of tokenization is not new, it has received attention before,” said Morgan Krupetsky, director of institutional business development at Avalanche Labs, referring to RWA’s tokens. He touched on how the idea of ​​transformation emerged in 2017 and has come a long way to find its way into the hands of institutional investors and investors.

Rising interest rates are also driving the need for mainstream adoption of the technology, he said, adding that rising interest rates are putting pressure on cryptocurrency prices and creating demand for new products on-chain. rice field. We are now at a point where customers are compelled to demand tokenization (of RWA), he continued.

Securitize’s Domingo said that if tokenization can get the kind of positive market valuation expected by the panelists on stage, it could mean the next chapter for crypto.

｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Consensus 2023/CoinDesk
｜Original: Tokenization of Real-World Assets ‘Changes How Value Is Transferred’