This article discusses the current state and future potential of permissionless capital markets, particularly in the cryptocurrency and blockchain spaces. Drawing a parallel with historical instances of speculation in the stock market, it suggests that the crypto industry has often focused on creating tokens without real value. However, advancements in technology, affordability of blockspace, and changing attitudes from regulators point towards a potential shift. There are signs of real-world assets moving onto blockchain platforms, bolstered by developments like BlackRock’s tokenized money market fund. Additionally, stablecoins are predicted to see exponential growth, providing a foundation for future investments. The article mentions various innovative projects utilizing blockchain to tokenize diverse assets, emphasizing that while many experiments may fail, there is a hopeful possibility of new, valuable offerings in the future, ultimately suggesting that the moment for a transformation in capital markets may be approaching.

Source 🔗