According to ChainCatcher, citing Cointelegraph, Greg Cipolaro, Global Head of Research at NYDIG, stated that the tokenization of real-world assets (RWAs) such as stocks will initially bring limited direct benefits to the crypto market and blockchain networks, but their long-term value is expected to gradually emerge 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 pointed out that although the current economic impact on traditional crypto assets is not significant, if future regulation becomes more open and tokenized assets achieve wider democratization, their coverage and on-chain value capture capabilities will be significantly enhanced, and investors should continue to pay attention to them.
