**News Flash: Tokenized Assets to Surpass Cryptocurrencies in Value**
Chainlink co-founder Sergey Nazarov predicts that tokenized real-world assets (RWA) will soon outvalue cryptocurrencies on Web3. Speaking at TOKEN49 in Singapore, Nazarov highlighted the impending shift as traditional finance (TradFi) integrates with decentralized finance (DeFi).
Nazarov emphasized that TradFi will become DeFi's largest customer, leveraging Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to connect various financial systems. This integration aims to streamline transactions, making them more efficient and programmable.
The transition faces challenges, including legal barriers and the need for standardized systems. However, progress in Asia and the Middle East suggests a promising future, with trillions of dollars potentially flowing into Web3.