Slate Sundays features in-depth interviews and analysis on tokenized real-world assets (RWAs) in the crypto market. The industry is growing rapidly, led by stablecoins like Ethereum. Despite technical advancements, challenges like regulatory hurdles and liquidity bottlenecks remain. The U.S., Singapore, Europe, and the Middle East are leading in regulatory preparation for the sector. Idle capital is seeking yield in on-chain products like tokenized Treasuries, outperforming traditional bank instruments. Other trends in tokenized RWAs include tokenized stocks, which have not gained significant demand due to existing access to traditional stocks globally. The lack of liquidity is a major issue in the tokenized money world, with bad quotes and rates common. Non-USD stablecoins and tokenized commodities show promise, with non-USD stablecoins making up 30% of cross-border volumes. Tokenized commodities, such as gold and silver, are growing but have yet to form their own ecosystem. The industry is moving towards tokenizing trillions in real-world assets, with a focus on unlocking new value and usefulness.
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