GM

Tokenized securities gaining mindshare today are

1. Same as back in 2017 and will fail
2. Not the same as back in 2023 -> (pls elaborate)

Head of Product (and inst. asset issuer onboarding) @plumenetwork. Building https://transferagentprotocol.xyz on it. Hosting /rwa and /plume

Also different macro environment. Was hard for RWA to compete in terms of yield in a low interest rate environment. Holding t-bills is now a much more attractive option from a risk/return perspective for anyone who wants to hold their assets on-chain.

+1.

It seems that the over-arching theme at the moment is yield that's coming from securities (some type of real asset, broadly), not pure crypto yield. 

I think in general, the market dictates what investors flock to. In high uncertainty, high quality debt is how money is made. In stable times, it's equity bets.