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According to Sergey Nazarov, co-founder of Chainlink, tokenized real-world assets (RWA) are set to outgrow cryptocurrencies in the coming years. Speaking at TOKEN49 in Singapore, Nazarov highlighted that traditional finance (TradFi) will drive this transformation, becoming the largest customer of decentralized finance (DeFi). The key to this shift lies in interoperability, with Chainlinkâs Cross-Chain Interoperability Protocol (CCIP) facilitating seamless data and value transfers across various blockchains, including central bank digital currencies and asset chains.
Nazarov also emphasized the need for unified standards to enable TradFi systems to flow into blockchain technology. With legal barriers fading in regions like Asia and the Middle East, trillions of dollars are expected to enter Web3, marking a major transformation in the financial landscape.
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