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Thomas
@aviationdoctor.eth
Feels like Ethereum is now in this endgame race for RWA tokenization supremacy, and the runway is getting shorter. Ethereum has all the right infra and characteristics (incl. credible neutrality, decentralization, trustlessness, etc.) but the TardFi corporate decision-makers remain largely unaware or indifferent. Every ETH maxi is hoping for a major RWA adoption announcement (by BlackRock, Texas Stock Exchange, etc). Yet proprietary L1s are cutting corners with marketing dollars and being able to present a smiling suit to board rooms. For all their talk about disruption, corporates still want the reassurance of a wet ink contract and a neck to grab, and a decentralized network won’t provide that. I’m aware of Etherealize & the new EF 1T security initiative; but also of Betamax vs VHS. This is not about price btw — I just worry about a future where lesser solutions (proprietary blockchains / glorified databases with some vague crypto jargon peppered in) prevail over a universal, civilizational ledger
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REN2140
@ren2140.eth
I think there’s a good argument to be made that tardfi does care otherwise why do they have most of their assets on L1 today?
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Thomas
@aviationdoctor.eth
Sorry I’m not sure I follow — do you mean ETH L1 as opposed to L2s?
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REN2140
@ren2140.eth
ETH L1 is the home to the largest amount of RWA relative to all other chains
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Thomas
@aviationdoctor.eth
Yes, but the show hasn’t really started yet — 99% RWA tokenization of the opportunity is still ahead. Background for my cast is Kinexys / JP Morgan just settled its first public transaction of tokenized treasuries, and it was on Ondo, some permissioned alt L1. They and a handful of others like BlackRock have the power to make or break the future RWA tokenization supremacy of any L1, and yet they haven’t indicated any strong preference for ethos over permissioned alt chains
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