Off The Desk On Tradeweb Part 2: Blockchain And Emerging Technology With Yuval Rooz Of Digital Asset
Dec 11, 2024
In this insightful dialogue, Yuval Rooz, Co-founder and CEO of Digital Asset, dives deep into the transformative power of blockchain in institutional finance. He discusses the timeline for trading tokenized bonds and the importance of secondary trading to add value. Yuval warns against the misconception that tokenization automatically boosts liquidity, stressing that business incentives shape outcomes. He also emphasizes the need for mutualized platforms to agree on data models, ensuring growth and utility in the financial ecosystem.
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Day-One Trading, Day-Two Blockchain Benefits
- Digital Asset and Tradeweb aim to enable trading of tokenized bonds without changing client behaviour from day one.
- Deeper blockchain integration (post-trade and custodian-aware flows) brings additive benefits beyond messaging to trading workflows.
Utilities Drive Tokenization Value
- Tokenization alone rarely creates secondary markets if the asset lacks other utilities investors need.
- Utilities like repo, securities lending, collateral use, and borrowing drive real demand for digital assets.
Show ROI Before Asking Issuers To Migrate
- Do demonstrate clear ROI and incremental value before asking issuers to adopt tokenization.
- Show how digital assets preserve existing utilities while adding benefits like instant collateral mobility.
