Theo: Thecoinrepublic
Oracle service provider Chainlink is gearing up for the next big opportunity in the market, which is the tokenization of Real World Assets (RWA). In his bold prediction, Chainlink co-founder Sergey Nazarov claims that the RWA tokenization industry will eventually surpass the entire cryptocurrency market.
RWA Tokenization Will Overtake the Crypto Market
Sergey Nazarov, co-founder of Chainlink, has expressed his belief that the real-world assets (RWA) industry has huge potential and will eventually surpass the size of the entire cryptocurrency market.
In his recent statement about the X cryptocurrency platform, Nazarov cited the possibility of including gold-backed coins, stablecoins, and other commodity-based assets in RWAs. He added that this highlights their significant potential to add value to blockchain technology.
Additionally, the Chainlink co-founder also emphasized that Chainlink’s technology is strategically positioned and widely used in the RWA space. Therefore, Chainlink will emerge as a global standard for RWA tokenization, Nazarov said.
He also noted that RWA will be the primary arena for the initial integration of traditional finance (TradFi) with decentralized finance (DeFi).
See more at: https://x.com/SergeyNazarov/status/1833614771423482273
“I think the entire global financial system will be run on blockchain, period,” Nazarov said during the Future of Value panel at Sibos. “Everyone here will eventually join the blockchain industry.”
