Crypto leaders are wrong about tokenized property
Opinion by: Darren Carvalho, Co-Founder and Co-CEO of MetaWealth
During Paris Blockchain Week, Securitize Chief Operating Officer Michael Sonnenshein made headlines by dismissing real estate as a sub-optimal asset class for tokenization. This isn’t the first time crypto leaders have underestimated the merits of bringing real estate onchain, and it is likely not the last. While I respect Sonnenshein’s contributions to digital asset adoption, his assessment misses fundamental points about real estate tokenization’s transformative potential.
Real estate represents the world’s largest asset class and is projected to reach a value of $654.39 trillion this year, according to Statista. When industry leaders claim that this massive market…
