Tokenization of real-world assets (RWAs) is seen as a means to reduce the wealth gap and create new investment opportunities. Leading crypto experts share their views on the potential of this technology.
Impact of Tokenization on the Economy
John E. Deaton believes that tokenized real-world assets could help reduce wealth disparity in the US. During his Senate campaign, he highlighted that such assets cut out middlemen like banks and companies such as MoneyGram. Furthermore, tokenization offers new paths to financial independence, especially as real estate becomes increasingly unaffordable.
Key Players in the Tokenization Market
Brian Armstrong, the CEO of Coinbase, emphasizes that all asset classes are moving toward tokenization. He predicts massive growth in on-chain borrowing and lending. Jesse Pollak echoed this view, noting nearly $100 million in Bitcoin held by Coinbase users who have started borrowing USDC on the platform.
Mantra Funding and Its Significance
The Mantra blockchain network has launched a $108 million ecosystem fund focused on tokenized RWAs and DeFi. The fund will support high-potential blockchain startups over the next four years. Additionally, Mantra has secured a VASP license from Dubai's VARA, allowing it to operate under one of the world's most progressive regulatory frameworks.
In conclusion, tokenizing real-world assets is seen as a critical step towards improving financial inclusion and narrowing the wealth gap. Statements from leading experts indicate growing interest and investment in this field.
