{"id":30059,"date":"2024-11-22T14:09:39","date_gmt":"2024-11-22T14:09:39","guid":{"rendered":"https:\/\/www.duck9.com\/blog\/?p=30059"},"modified":"2024-11-22T10:10:11","modified_gmt":"2024-11-22T14:10:11","slug":"tokenized-real-world-assets","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/tokenized-real-world-assets\/","title":{"rendered":"Tokenized Real World Assets"},"content":{"rendered":"<div class=\"postie-post\">\n<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">Five Reasons Institutional Investors Will NOT Buy Tokenized R.W.A.\u2019s<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Institutional investors will not self custody tokenized RWAs.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Here\u2019s the hard truth:<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">1. They Already Have Better Options<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Big institutions don\u2019t need tokenized RWAs.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">If they want exposure to real-world assets, they call their broker-dealer &#8211; Bank of America Goldman Sachs, JP Morgan, or UBS &#8211; and buy via their securities accounts.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Why would they bother with tokens tied to offshore SPVs?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\"><img decoding=\"async\" alt=\"image4.png\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/11\/image4-9.png\"><\/div>\n<div dir=\"ltr\">2. Tokenized RWAs Add Complexity, Not Value<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">You need to know structure of tokenized RWAs:<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211; Special Purpose Vehicles (SPVs)<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211; Offshore entities<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211; Custody challenges<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Imagine pitching this to institutional investors.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">They\u2019ll tell you: \u201cWhy would we buy your garbage tokens when we can get the real thing?\u201d<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">3. Lack of Infrastructure and Trust<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">A friend of mine from a Swiss family office once told me, \u201cAnton, we can\u2019t touch this.\u201d<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Why?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#8211; No infrastructure for wallets or custody<\/div>\n<div dir=\"ltr\">&#8211; Compliance nightmares<\/div>\n<div dir=\"ltr\">&#8211; Regulatory uncertainty<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">And liquidity?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">He straight-up said: \u201cIf you want me to buy RWAs, I need a central bank digital currency (CBDC) first.\u201d<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">So who\u2019s actually buying RWAs today?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">It\u2019s NOT institutional investors.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">It\u2019s crypto-native firms &#8211; market makers, hedge funds, DAOs.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Why?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Because they\u2019re stuck within the crypto ecosystem.&nbsp;<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">They need tokenization to access RWAs.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">But for institutions?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">RWAs are not needed.&nbsp;<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">They already have prime brokers, securitization, and access to traditional financial markets.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#x1f914; Is Tokenized RWA Adoption Dead?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">RWAs make sense for crypto, but they\u2019re a dead-end for TradFi.<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">What do you think?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Am I missing an angle here?<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">&#x1f447; Let\u2019s talk in comments!<\/div>\n<div dir=\"ltr\"><\/div>\n<div dir=\"ltr\">Tag someone who still thinks institutions will buy tokenized RWAs.<\/div>\n<p><a href=\"https:\/\/x.com\/anton_golub\/status\/1859190483571925166?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\"><\/p>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" style=\"border:1px solid #ccd6dd; border-radius: 12px;\" width=\"500\" bgcolor=\"#ffffff\">\n<tbody>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<td>\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" width=\"464\" align=\"left\">\n<tbody>\n<tr valign=\"top\">\n<td width=\"48\" valign=\"top\"><a href=\"https:\/\/x.com\/anton_golub?s=43\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1297448625774235649\/nP0_ojTX_normal.jpg\" style=\"border-radius: 50%; padding: 0px;\" height=\"48\" width=\"48\" data-unique-identifier=\"\"><\/a><\/td>\n<td width=\"8\" style=\"font-size: 0px; line-height: 0px; min-width:8px;\"><img decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/spacer.png\" width=\"8\" data-unique-identifier=\"\"><\/td>\n<td valign=\"middle\" width=\"388\" style=\"min-width: 388px;\">\n<table cellpadding=\"0\" cellspacing=\"0\" border=\"0\" align=\"left\" width=\"388\">\n<tbody>\n<tr>\n<td align=\"left\" width=\"388\"><b><a href=\"https:\/\/x.com\/anton_golub?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; color: #292c2f; text-decoration: none;\">Anton Golub | antongolub.eth<\/a><\/b><\/td>\n<\/tr>\n<tr>\n<td align=\"left\"><a href=\"https:\/\/x.com\/anton_golub?s=43\" style=\"font-family: Helvetica, Arial, san-serif; font-size: 14px; line-height: 18px; text-decoration: none; color: #7e8c98;\">\u2066\u202a@Anton_Golub\u202c\u2069<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td valign=\"top\" width=\"20\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/email\/self_serve\/media\/logo_twitter-1497383721365.png\" height=\"20\" width=\"24\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td height=\"9\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/ea.twimg.com\/self_serve\/media\/spacer_464x1-1582829598167.png\" width=\"464\" height=\"1\" data-unique-identifier=\"\"><\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\" style=\"font-family: Helvetica, Arial, san-serif;color: #292c2f; font-size: 18px; line-height: 24px; text-decoration: none;\">&#x1f6a8;Institutional Investors Will NOT Buy TokenizedRWAs<\/p>\n<p>Institutional investors will NOT touch tokenized RWAs.<\/p>\n<p>Here\u2019s the hard truth:<\/p>\n<p>1. They Already Have Better Options<\/p>\n<p>Big institutions don\u2019t need tokenized RWAs.<\/p>\n<p>If they want exposure to real-world assets, they call their <a href=\"https:\/\/t.co\/s8ySDn3AMg\"><span>pic.x.com\/s8ySDn3AMg<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td height=\"3\" colspan=\"4\" style=\"font-size: 0px; line-height:0px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"4\"><a href=\"https:\/\/x.com\/anton_golub\/status\/1859190483571925166?s=43&amp;t=NipKy21fekvPoZS5MA8-lQ\" style=\"font-family: Helvetica, Arial, san-serif;color: #667785; font-size: 14px; line-height: 18px; text-decoration:none;\">11\/20\/24, 5:02\u202fAM<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/td>\n<td width=\"18\" style=\"font-size: 0px; line-height: 0px; min-width: 18px;\">&nbsp;<\/td>\n<\/tr>\n<tr>\n<td colspan=\"3\" style=\"font-size: 0px; line-height: 0px;\" height=\"12\">&nbsp;<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><\/a><\/div>\n<div dir=\"ltr\"><img decoding=\"async\" alt=\"image0.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/11\/image0-41-rotated.jpeg\"><img decoding=\"async\" alt=\"image1.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/11\/image1-41-rotated.jpeg\"><img decoding=\"async\" alt=\"image2.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/11\/image2-38-rotated.jpeg\"><img decoding=\"async\" alt=\"image3.jpeg\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2024\/11\/image3-33-rotated.jpeg\"><\/div>\n<p><br id=\"lineBreakAtBeginningOfSignature\"><\/p>\n<div dir=\"ltr\">\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\">WordPress\u2019d from my personal iPhone,&nbsp;<a href=\"tel:650-283-8008\" dir=\"ltr\" x-apple-data-detectors=\"true\" x-apple-data-detectors-type=\"telephone\" x-apple-data-detectors-result=\"1\">650-283-8008<\/a>, number that&nbsp;Steve Jobs texted me on<\/span><\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0);\"><br \/><\/span><\/div>\n<div dir=\"ltr\">\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0);\">https:\/\/www.YouTube.com\/watch?v=ejeIz4EhoJ0<\/span><\/font><\/div>\n<div><span style=\"font-size: 13pt;\"><br \/><\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Five Reasons Institutional Investors Will NOT Buy Tokenized R.W.A.\u2019s Institutional investors will not self custody tokenized RWAs. Here\u2019s the hard truth: 1. They Already Have Better Options Big institutions don\u2019t need tokenized RWAs. If they want exposure to real-world assets, they call their broker-dealer &#8211; Bank of America Goldman Sachs, JP Morgan, or UBS &#8211; [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":30060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-30059","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/30059","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=30059"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/30059\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media\/30060"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=30059"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=30059"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=30059"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}