one of the things that really struck me in this episode is how much RWAs have evolved in the last year. adoption is an easy metric to track, but what's particularly interesting is the evolution of tokenization and how tokenized RWAs are now far more composable with DeFi. when you have a tokenized representation of a hard asset that is freely transferable, you unlock a world of financial instruments that can be utilized with this new asset class. for the ultra-wealthy, this isn't new, as they can already transform any asset into a movable one by taking out loans against it. for retail, this is much harder and less accessible. RWAs still have a long way to go, as they're largely permissioned and not particularly appealing to retail (there's not much you can do with RWAs yet). however, the new opportunities they unlock for regular people are quite exciting. twitter.com/khushii_w/status/2...