🏢💰🔗 "Institutional investors are eyeing blockchain-tokenized shares of high-value commercial real estate like a kid in a candy store," says Kunal Bhasin from KPMG Canada. He believes tokenization could shift the ownership landscape of major commercial buildings, traditionally the playground of the rich and famous.

Imagine owning a piece of Toronto’s Eaton Center! 🏬🍁 But hold your horses, folks! Bhasin warns that many institutional DeFi participants prefer a more controlled environment. They want to know who they're playing with in the sandbox.

The adoption of tokenized real estate is gradual, like watching paint dry. But Bhasin is optimistic about growth in tokenized Treasurys and money market funds. He pointed out the success of the BlackRock USD Institutional Digital Liquidity Fund, which has ballooned to $462.7 million since its launch in March.

However, the crypto space isn't all sunshine and rainbows. Reputational risks remain a concern due to numerous frauds and scams. But Bhasin believes that "soon, not being involved in crypto and digital assets is going to be a career risk."

So, what do you think? Is tokenized real estate the future or just a passing fad? Let's chat in the comments! #DeFi #Web3 #BlockchainTechnology 🚀🌐🔐