Unchained The Chopping Block: Will Tokenizing RWAs Finally Click This Time? - Ep. 517
Jul 13, 2023
Blake West, co-founder of Goldfinch, shares insights on the burgeoning interest in tokenizing real-world assets (RWAs). They discuss the challenges of adoption and why private credit could be a game-changer for crypto. West explains the importance of on-chain tools and stablecoins, while Robert Leshner expresses his disdain for the term "real-world asset." The conversation touches on traditional finance's embrace of tokenized assets and the evolving dynamics of capital flow, highlighting the transformative potential for transparency and liquidity in the blockchain space.
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Goldfinch Origin
- Blake West worked at Coinbase in 2018.
- He left in 2020 to start Goldfinch, a private credit platform on Ethereum.
Real World Assets in Crypto
- The first and largest real-world asset tokenized is the US dollar, in the form of stablecoins.
- Attempts to tokenize other assets like gold and real estate have seen limited success.
Crypto-Native vs. Traditional Assets
- Robert Leshner dislikes the term "real-world assets".
- He prefers to distinguish between crypto-native assets and traditional assets.