‘We’ve hit peak efficiency’ with legacy tech, says Coinbase exec


19 Sep 2023 5:19 PM

Tokenization of RWA will likely begin with the most stable assets, then turn toward more volatile ones over time...

  • Tokenization of real world assets (RWA) will start with stable assets and gradually move towards more volatile ones over time.
  • Anthony Bassil, Coinbase's head of tokenization, believes that the adoption of tokenization for assets will happen slowly in the next decade or two.
  • Robert Leshner, founder of Superstate, suggests that the transition to tokenization will begin with liquid and stable assets like stablecoins.
  • Matt Halstead, director at the Teacher Retirement System of Texas, emphasizes the importance of low-volatility assets for tokenization.
  • Keerthi Moudgal, head of product at JPMorgan's Onyx blockchain unit, highlights the need for institutional players and their liquidity to bring volatile assets on-chain.
  • Regulatory challenges and securities rules need to be addressed before bringing real world assets on-chain.
  • Improvements in user interfaces on DeFi protocols are necessary for wider adoption.

The sentiment of the article is generally positive, as it discusses the potential benefits and challenges of tokenizing real world assets.

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You May Ask

What is the predicted timeline for the adoption of tokenization for real world assets?Which types of assets are likely to be tokenized first?What are the challenges that need to be addressed before bringing real world assets on-chain?Why are low-volatility assets considered safer for tokenization?What improvements are needed in user interfaces on DeFi protocols?

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