According to BlockBeats, on July 26, Bloomberg reported that Wall Street is taking the lead in the tokenization of real assets, surpassing native crypto players. This development raises questions for mainstream institutions about whether to enter the decentralized finance (DeFi) sector, which is often seen as a regulatory grey area.

DeFi encompasses projects that use automated software on blockchain to provide various financial services. These ecosystems are typically not controlled by any single entity, operate under unclear regulatory frameworks, and are open to a wide range of participants.

Standard Chartered Bank predicts that by 2034, the tokenization market could reach approximately $30 trillion, with trade finance contributing 16% of this total. Currently, the market value of cryptocurrencies stands at $2.4 trillion.

So far, around $13.2 billion worth of real-world assets have been tokenized. According to data from rwa.xyz, private credit is the largest segment, accounting for $8.4 billion, followed by U.S. Treasury bonds.