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

2. Not the same. 

We've semi learned that tokenization doesn't help decentralization but can help reduce transaction costs as long as the oracle is trusted. 

That's what tokenized RWA are about, lowering friction on financial ledgers via trusted 3rd parties. Far cry from original crypto ethos but still valuable.

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Yes agreed. There are other problems that are introduced but overall it’s a cheaper way to transact and should increase interoperability across the financial system.

I like this answer, thank you.

I’d also add that cryptographically signed transactions and immutable logs reduce the regulatory burden of reporting. Which means that new entrants into the market can compete with incumbents on the basis of building technology that incumbents can’t allocate resources to.

Easy classic example is Circle. 

I’ve been working on a protocol that does this for music royalties, still in the works. 

It’s tough to find a party one trusts in web3, no Lindy and it’s too easy to make a mistake, so I wouldn’t be surprised for tradFi companies to do this - JPM backed assets. 🤷‍♂️

Who do you think is building appropriate solutions and companies on that “trusted third party” area?