Tokenization: RWA in Focus | North American Blockchain Summit 2024

Описание: Moderator: Ishan Bhaidani (Scrib3)
Panelists: Patrick Barrett ( Members Capital Management), Miguel Kudry (L1 Advisors), Keith Burkhardt (Evertas), Anthony Basilli (Coinbase)

Tokenization Revolutionizing Asset Management

An intriguing dialogue unfolded recently when industry leaders gathered to discuss the impact of tokenization on real-world assets (RWAs). Participants included Miguel Kudry, CEO of L1.co, Anthony Basilli of Coinbase Institutional, Patrick Barrett of Members Capital Management, and Keith Burkhardt from Evertas.

Key Takeaways

The panel concurred that RWAs, covering categories such as debt instruments, fiat money, equities, and real estate, are ripe for tokenization. Kudry posited that the efficiency and liquidity offered by blockchain mechanisms make tokenization an inevitable progression for assets, highlighting the role tokenization can play in financial planning, risk management, and tax strategy.

Basile extrapolated on how customer needs drive the expansion of asset classes in blockchain, noting how the financial sector's future lies in a digital wallet delivery system for services. He pointed to tokenized money market funds and digital asset stable coins as vital avenues along this evolutionary path.

Conversely, Barrett emphasized reinsurance and the scope of cryptocurrency to address under-insurance and the insurance gap. Burkhardt echoed these sentiments, indicating how blockchain’s transparency can not only improve customer convenience and processing efficiency but also facilitate trustless custodianship.

Critical Challenges

Regulatory and technological obstacles dominate the scale-up challenges for RWAs. Attendees agreed that legislative and market structure issues need addressing, along with credit ratings and standard operating procedures. Burkhardt underscored the importance of due diligence in onboarding processes despite the inherent trustless nature of blockchain.

In summary, the panelists agreed on the far-reaching implications and potential of tokenization for RWAs, even as they acknowledged the accompanying challenges. Most importantly, they highlighted the need for every asset class to go through this digitization process for a seamless switch to an efficient and exciting future.

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The Texas Blockchain Council is a nonprofit industry association made up of companies and individuals that work with blockchain and distributed ledger technology. Our mission is to promote blockchain technology initiatives that drive growth and benefit the citizens of Texas. We exist to amalgamate the influence of our members to advocate for blockchain-centric public policy initiatives, to educate members of government about the benefits of blockchain technology, and to provide subject matter expertise on topics related to blockchain and distributed ledger technology.

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