How RWAs have matured this cycle
Christine Moy from Apollo discussed the evolution of Real-World Assets (RWAs) in the cryptocurrency landscape, emphasizing a significant shift from earlier iterations, which resembled NFTs, to a more liquid and composable version akin to memecoins. Tarun Chitra of Gauntlet highlighted the advantage of improved liquidity without the need for entirely separate systems like those required for NFTs. The conversation also underscored that tokenizing private credit represents a stride towards institutional-grade decentralized finance (DeFi). With traditional financial processes often constraining innovation due to compliance and development time, the rapid velocity of innovation in crypto, characterized by open-source code and smart contracts, enables faster integration with established financial systems. Both Moy and Carlos Domingo from Securitize noted that current RWA offerings predominantly attract crypto-native investors seeking better yields than traditional investments, signifying a pivotal moment for institutional engagement in tokenized securities and enhanced yield opportunities.
Source đ