Real-world assets do not need institutions yet, Plume CEO says
Chris Yin, CEO of the RWA platform Plume, believes the real-world asset (RWA) market is too nascent for institutional adoption. Yin argues that institutional capital is yet to recognize the value of tokenized assets, drawing parallels to the early days of Bitcoin. Current market estimates suggest the RWA sector is worth over $21 billion, but Yin contends it is closer to $10 billion, mostly consisting of Treasury bills and gold. Estimating the RWA market's size is challenging, particularly regarding private companies, which are often overlooked. Yin emphasizes that institutions typically seek profit rather than efficiency or cost-saving measures. He states that, currently, no institutions are investing on-chain and suggests that the future of RWA tokenization relies more on the native community. While tokenized assets offer regulatory and compliance benefits, Shemeliak from Stobox argues that institutional involvement is necessary for significant market volume, likening it to building a stock exchange without proper governance.
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