At the recent Paris Blockchain Week 2025, Securitize COO Michael Sonnenshein expressed skepticism regarding the potential of tokenized real-world assets (RWAs) reaching a projected $30 trillion by the 2030s, a sentiment not shared by other panelists. While noting that RWAs have significant promise, he argued that current systems already effectively facilitate the trading of traditional assets and that being tokenizable does not inherently imply it should happen. Sonnenshein specifically critiqued the focus on real estate as a primary sector for RWA tokenization, stating that although blockchain could improve efficiencies in real estate transactions, it is the more liquid assets that the onchain economy currently demands. His outlook suggests a more conservative trajectory for the adoption of RWAs, emphasizing the importance of liquidity and traditional trading systems. Despite his reservations, he remains optimistic about the future of RWAs and the growing interest from investors looking to integrate cryptocurrencies into their investment portfolios.

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