Source: Cointelegraph Original: "{title}"
The Chief Operating Officer of the cryptocurrency exchange MEXC, Tracy Jin, warned that the tokenization of real-world assets (RWAs) brings a significant amount of centralized risks, which could lead to censorship, liquidity issues, legal uncertainties, cybersecurity problems, and asset confiscation through national or third-party intermediaries.
In an interview with Cointelegraph, the executive stated that as long as tokenized assets remain under the supervision of national regulatory bodies and centralized intermediaries, "tokenization will merely be a new version of the old financial infrastructure, rather than a financial revolution." Jin added:
"Most tokenized assets will be issued on permissioned or semi-centralized blockchains. This gives authorities the power to impose restrictions or confiscate assets. The tokenization of assets such as real estate or bonds is still tied to national legal systems."
"If the property or company behind the token is located in a country with an unstable legal environment or significant political volatility, the risk of confiscation increases," the executive continued.
As global assets move on-chain, RWA tokenization is expected to become a multi-trillion-dollar industry in the next decade, which will enhance the velocity of money circulation and expand the reach of global capital markets.
Total market capitalization of the RWA sector. Source: RWA.XYZ
Tokenized real-world assets include stocks, bonds, real estate, intellectual property, energy, artworks, private credit, debt instruments, fiat currencies, commodities, and collectibles.
According to RWA.XYZ, the current on-chain tokenized real-world assets exceed $19.6 billion, excluding the stablecoin sector, which had a market capitalization exceeding $200 billion by December 2024.
A research report from Tren Finance surveyed major financial institutions, including Citibank, Standard Chartered, and McKinsey. The report found that participants predict the RWA market size will range between $4 trillion and $30 trillion by 2030.
Different predictions from financial institutions regarding the future of the tokenized RWA market. Source: Tren Finance
McKinsey predicts that by 2030, the RWA industry size will be between $2 trillion and $4 trillion—this is a relatively conservative estimate compared to other predictions.
At the same time, executives from institutions like Standard Chartered and the blockchain network Polygon stated that the RWA market will reach $30 trillion in the next decade.
Related: The $1 billion tokenized real estate blueprint: Shaping Dubai's RWAs
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