“Killer use-case”
If you’re a part of the crypto-world, chances are you’ve heard this phrase repeatedly over the last 48 hours. Citi Bank’s latest report titled “Money, Tokens and Games” offers a compelling look at what the future of crypto holds.
The report believes that theoretically, one can tokenize any RWA. But, what does it mean? In a nutshell, tokens are DeFi – A class apart from financial assets of fiat currency. Investors can choose to monetize their RWAs on the blockchain as their asset.
The tokenization of an RWA can be akin to the digital representation of a physical asset on the blockchain. This token can be broken down into multiple fragments and traded on any exchange. Think of it as investors buying individual LEGO pieces, if you will.
However, Citi’s report is not the first mention of RWAs in recent times. The topic gained credence over the past week when Twitter account @thedefiedge predicted that RWAs could reach a valuation of $16 trillion by 2030.
<p lang=«en» dir=«ltr» xml:lang=«en»>One crypto sector is estimated to reach $16 Trillion by 2030:Real World Assets.
This will be the CATALYST for mainstream Crypto adoption.
Here's your 2023 guide to RWAs (and the top protocols): pic.twitter.com/bGudNQX0zq
— Edgy – The DeFi Edge
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