RWA is one of the hottest sectors in Web3 (maybe second only to AI). The tokenized real-world asset market has now crossed $11 billion in total value locked. Ethereum is currently hosting nearly 80% of that value. Ethereum may be struggling right now, but it’s far from dead. Curious to see how this evolves.
https://dailycryptobriefs.com/news/blackrock-fink-single-blockchain-tokenized-assets-davos/
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tldr; BlackRock CEO Larry Fink emphasized the need for tokenized markets to operate on a single blockchain to enhance liquidity and compliance. Tokenization involves converting ownership claims like fund shares or bonds into blockchain tokens, enabling faster and more efficient settlement. Fink highlighted the benefits of a unified blockchain for reducing corruption and simplifying portfolio shifts. However, he did not specify a particular blockchain, and challenges like governance and regulatory clarity remain key considerations for global markets.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
The do not give a sh*t about crypto and ethereum. They may create their own blockchain so they can control it. Creating their own maybe also be easier to regulate it which is the opposite of what crypto was supposed to be
Ethereum’s high percentage of RWA value today doesn’t prove it’s inherently better. Algorand’s protocol has native asset issuance (ASA) with on-chain compliance and permissioning, near-zero predictable fees, and immediate finality — all of which are stronger primitives for real-world asset settlement than Ethereum’s complex smart contract stacks.
https://algorand.co/ecosystem/tokenization
What are ONDO’s chances in this space?
From a tech perpsecrive a block chain is less efficent and less effective that any other tech.
Its only useful for decentralisstion where you are prepared to sacrifice efficency to achieve that.
The settlement time is usually regs and compliance.
Blackrocks want your middleman fees tho.
Larry Fink’s push for a unified blockchain isn’t about innovation, it’s about consolidation. Traditional finance has no incentive to adopt the permissionless nature of current crypto. Instead, they are positioning to build a ‘walled garden’, a permissioned ledger that digitizes the existing power structure. By controlling the rails of tokenization, they ensure that the ‘new’ financial system looks exactly like the old one, just faster and more restrictive.
Xrp
Is he referring to SOL or ETH?
One blockchain and if that blockchain for whatever reason suffers from irreversible technical failures, you just locked out of your precious RWAs.
Sounds like a great plan chief…
I fear that they will just nake their own blockchain that will be heavily censored.
There’s way too much work involved for them to create their own blockchain that multiple entities globally can access. People make this seem like it’s so easy. They are lazy and want things that work now and are proven to work. So they reinvent the wheel with a slight twist as they always do. They use the existing networks and layer on top. It’s much cheaper to pay the couple dollars in transactions than it is to hire a bunch of people to hopefully build a network that works, takes countless years of production to hopefully not have network failure. You don’t solve all these problems overnight. Can it happen in the future sure. But they are not investing 100s of millions on hopefully this works. The cheapest most efficient route is build on what’s out there.
That’s like saying I want to make a website but I don’t want to pay for an internet provider, so I’m just going to design my own internet just to make a website!!???
Larry Fink can shut his stupid fucking mouth
Ethereum ftw
It was always going to end up as private chains doing the back-end.
You’ll have private-facing and retail-facing chains.
Already seeing the developments with chains like Canton. Not a plug of Canton but that’s where this is going. That’s the type of architecture or equivalent that will be on NYSE, NASDAQ, DTCC, financial exchanges.
I see a push for better interoperability between chains and a cluster of chains and the protocols that connect them being collectively known as “the Blockchain” by most people who use it. Each chain has it’s own set of competitive advantages. It’s hard to imagine a scenario where “just one” is selected for the tokenization of RWA. I will be interested to see if there is a full transcript somewhere with more context. He is right on it being more efficient to use a single chain. But based on what he has said in the past about public chains, the conversation could have been more exploratory. My mind goes to thinking about how to unify the existing infrastructure so it feels like you are transacting on one chain, without sacrificing the decentralized advantages of public Blockchains.
Most people don’t understand the underlying configurations that power the tech they use now. I don’t think they will know this for the blockchain apps they use either once more real world adoption happens.
Majority of Rwa is happening on Solana, u can buy Mag7 through Solana .
ETH won’t work.
I have a feeling they r gonna make a new one for this purpose
Web3 is so 2000 late. Web 4 is the rage and even Web 5 really