Traditional financial institutions will be the main growth driver for the asset tokenization market, Bitfinex Securities COO Jesse Knutson told Cointelegraph.
"[Right now] it's the more nimble institutions that can move quickly, like family offices. I think they're going to have a huge impact in these early days. But ultimately the benefits of tokenization will attract traditional institutional investors," the expert said.
Institutions are already one of the growth drivers in the crypto industry, and Knutson believes this trend will spread to the RWA market:
“The consensus is that the markets will evolve, and the direction they will take is similar to how the digital asset industry has moved over the years.”
The current RWA market cap is $195.5 billion, of which $182.6 billion is stablecoins. According to a report by Tren Finance, the industry will grow to $4 trillion by 2030 under conservative forecasts and to $30 trillion under optimistic ones.
On November 14, USDT stablecoin issuer Tether launched a closed beta test of Hadron, its own non-custodial platform for asset tokenization.
Hadron will offer a system for launching and managing tokenized assets with support for a range of blockchains, including L2 solutions on top of Bitcoin like Blockstream's Liquid.
The developers emphasized that users will receive a comprehensive set of compliance and risk management tools.
According to Tether CEO Paolo Ardoino, Hadron is designed to make the digital asset industry more transparent and accessible to both individual users and large institutions, including corporations and governments.
Over the past few months, the team has presented the platform to a number of companies and government agencies for preliminary tests and received positive feedback.
Let us recall that on November 12, Lisk developers announced the launch of the main network of the L2 solution for RWA and DePIN.
