According to Greg Cipolaro, Global Head of Odaily at NYDIG, the tokenization of real-world assets (RWAs) such as stocks will have limited direct benefits for the crypto market and blockchain networks in the early stages, but their long-term value is expected to be gradually realized as accessibility, interoperability, and composability improve.
Cipolaro points out that in the short term, the main revenue of blockchain networks comes from transaction fees generated by tokenized assets, as well as the network effects accumulated from the custody of these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, and enter DeFi scenarios as collateral, lending assets, or trading instruments, the benefits to related networks will significantly increase.
He believes that tokenization is becoming an important trend. As the regulatory environment becomes clearer and infrastructure continues to improve, the on-chain use cases for RWAs such as stocks are expected to expand. However, the forms of tokenized assets currently vary greatly, and most still rely on compliance structures in the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their combinability.
Cipolaro also points out that while the current economic impact on traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve wider democratization, their reach and on-chain value capture capabilities will be significantly enhanced, making them worthy of continued attention from investors. (Cointelegraph)
