Institutional tokenization will propel Web3 forward — Jason Dehni
The real-world asset tokenization market is projected to reach $2 trillion by 2030 despite a rocky start, according to McKinsey & Company.
Real-world asset (RWA) tokenization is currently one of the best-performing sectors in the digital asset landscape, netting investors a 213% return in the first half of 2024, according to BitEye and Wu Blockchain, and fostering institutional interest in Web3.
Despite the meteoric price performance of RWA, injections of fresh capital from Web2 companies and institutional firms are needed to continue growing the Web3 space, according to Jason Dehni, CEO of decentralized private credit platform Credbull.
The CEO explained that Web3 firms typically focus on accessing liquidity from within the Web3 sector rather than seeking capital from the outside world. “We [have] become very insular,” Dehni said, noting that the announcement of new tokenized products from investment bank Goldman Sachs confirms there is a high degree of institutional interest for tokenized assets.
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Author: Vince Quill
