The Real Reason Bankers Are Frothing Over Tokenization (Hint: It’s Not the Tech)
Real-world asset (RWA) tokenization has, against all odds and a mountain of jargon, outlived its awkward adolescence. What was once a mid-2000s startup fever dream now boasts over $20 billion in “tokenized assets,” and has somehow roped in Apollo, BlackRock, Hamilton Lane, KKR, and VanEck. Which means, naturally, that your uncle with the digital ape JPEG probably feels validated. Institutions sniffed around, kicked the tires, and decided, “Yeah, let’s put real stuff on the blockchain. Why not? What could possibly go wrong? 😅”