When Traditional Finance Meets Crypto, When Will the New Financial Species Emerge?
Author: imToken
If categorized by ‘1.0/2.0/3.0’ phases, the tokenization of RWA (Real World Assets) has likely already gone through two stages.
The 1.0 era involved ‘on-chain non-standard assets,’ such as tokenized real estate and gold; the 2.0 era focused on ‘on-chain interest-bearing products,’ including stablecoins with yields or tokenized Treasury Bill funds (T-Bills), among others that emerged in the previous cycle.
The 3.0 era, however, involves the tokenization of ‘structured financial products’ and even greater integration of TradFi with Crypto. The most disruptive hallmark of this phase is the practice of equity tokenization / ETF tokenization—namely, the core and most complex structured assets within traditional capital markets…
