Sergey Nazarov, co-founder of Chainlink, emphasized the need for the United States to create a competitive moat around secure tokenized real-world assets (RWAs) to thrive in the emerging landscape of borderless finance. He noted that unlike prior technological advancements, blockchain operates on open-source frameworks, which diminishes the advantages previously held by countries with early infrastructure developments. Nazarov stated that the U.S. must leverage its strong domestic market and capacity to produce reliable financial assets. He predicts that the tokenized RWA market could reach $100 trillion as assets transition to blockchain technology. Currently, the RWA market, excluding stablecoins, is valued at $18.8 billion, primarily driven by tokenized private credit instruments. This shift towards tokenization facilitates liquidity in previously illiquid assets like real estate, by enabling fractional ownership and reducing settlement costs, as seen in ongoing projects in Turkey and the UAE.

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