‍We don't even know the full extent of the tokenization potential. When you consider how big the impact will be on the financial system, there's stuff that none of us have really thought of yet. A 24/7 fully automated financial system that anyone can participate in will unlock entirely new use cases and opportunities.
‍

If you invite me back to an interview in five years, most of the world's assets will be tokenized. We only have about one-third of the world's assets as liquid today. The tokenization of real-world assets could create a liquid structure where we could eventually trade everything. The digital tokenization of real-world assets is upon us.

What excites me the most is unlocking more substantial investment opportunities for clients. Maybe half of the assets on this planet are accessible through private and public markets, but the other half remains illiquid or out of reach. Tokenization allows investors to integrate these assets into their portfolios, increasing the possibilities of generating better outcomes.

Back in the day, people said public blockchains wouldn’t work, that everything would be private chains. Now you have BlackRock coming to Ethereum, Franklin Templeton issuing tokenized funds, and Société Générale launching a permissionless stablecoin. Good luck going back.

Right now, real-world assets have surpassed the total value locked in DeFi, which is pretty significant because it’s a very small percentage of what can be turned into a real-world asset. My personal view is that real-world assets will surpass the value of cryptocurrencies over the next one to three years. This trend will drive the majority of net new value into the industry.