RWA (Real World Assets) is gradually emerging in the encryption field. Maria Shen, general partner of Electric Capital, said that when RWA first became popular, it mainly focused on institutions such as high-net-worth individuals, family offices, pension funds, and university endowments, but now on-chain institutions are also beginning to appear in the RWA field.
She pointed out that MakerDAO has partnered with institutions that borrow DAI (stablecoin) to tokenize MakerDAO’s treasury bills, which marks a major change in the RWA space.
Maria Shen breaks down the applications of RWA into retail users who can use RWA to remit and save, businesses who can use stablecoins to pay suppliers, and in-chain institutions such as MakerDAO trying to earn revenue by tokenizing treasury bills.
Stuti Pandey of Kraken Ventures believes that RWA benefited greatly from the last tokenization hype cycle after going through many changes in economy, technology and credibility.
She noted that interest rates have been depressed over the past few years, which has driven demand for high-growth, higher-risk assets, and now RWA can offer interesting yields.
In addition, better tokenization infrastructure also gives RWA the opportunity to flourish and attract public attention.