Bankless Tokenizing Real World Assets | Robert Leshner
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Mar 12, 2024 Robert Leshner, creator of Compound and founder of Superstate, dives into the exciting world of tokenizing real-world assets. He discusses his bold mission to bring $300 trillion of traditional financial assets on-chain. The conversation highlights the intricate dance between rapid crypto innovation and the slow pace of regulatory compliance. Leshner also explores the tokenization of treasuries and the role of stablecoins in this transformative journey. With predictions of $10 trillion in assets tokenized by 2030, he envisions a future where blockchain revolutionizes finance.
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Successful Stablecoins
- Stablecoins, starting around 2018, became the first successfully tokenized asset.
- Their success stems from representing off-chain dollars on-chain through a minting and burning process.
Early Tokenization Attempts
- Many teams tried tokenizing securities, real estate, and commodities around 2017.
- None of these attempts were very successful.
Stablecoin Utility
- Stablecoins are a killer use case for blockchains, boasting $140 billion in value.
- On-chain dollars offer greater utility and programmability compared to those held in bank accounts.