Herwig Konings is founder & CEO of Security Token Market
Tokenized assets such as equities, bonds, funds, real estate, and asset-backed securities have attracted more attention this year than ever before. Known in the crypto world as “real world assets,” these RWAs are being explored by financial giants such as BlackRock, Hamilton Lane, JP Morgan, DTCC and Broadridge as their operational efficiencies and different return profiles continue to emerge.
As noted in the previous edition of STM’s report, traditional markets saw a negative start to August 2024 amid the Nikkei’s crash, unemployment numbers, and fears of a US recession, among other catalysts. Crypto subsequently experienced that loss, working to recover throughout the month but ultimately coming back down. While some security tokens have also experienced losses, others saw significant growth ultimately helping the basket keep its positive performance.
The market will continue to grow at a high rate because there is still untapped potential in these tokenized treasuries. For example, in traditional finance, no one posts dollars as collateral. There’s $2 in treasuries for every dollar. In crypto it’s the other way around, with over $150B in stablecoins compared to $2B in treasuries. That makes no sense and is a dynamic that will eventually reverse.
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