As ETFs and DATs gradually become normalized, Wintermute believes RWAs are poised to become the next channel for incremental capital, bringing traditional asset funds on-chain and channeling them further into the crypto market.
Author: Jasper De Maere
Compiled by: TechFlow
TechFlow Summary: Standing on the doorstep of a potentially new bull market, Wintermute believes what’s truly missing isn’t capital, but new channels to absorb money into crypto assets. Stablecoins, ETFs, and DATs have each carried past cycles, and are now routine conduits; on-chain tokenization (RWA) attracted roughly $16 billion over the past 12 months. Though still small in scale, if regulatory and collateral frameworks align, it could channel funds traditionally used…
