The post RWA market needs to grow 100x for financial institutions to start caring: Polygon Labs exec appeared on BitcoinEthereumNews.com.

The tokenization of real-world assets (RWA) is growing rapidly, as RWA-related tokens rose 286% on average in Q1, a report by CoinGecko shows. Moreover, the total market cap of tokenized US Treasuries reached an all-time high of $1.72 billion recently, according to data aggregator RWA.xyz. However, the Global Head of Institutional Capital at Polygon Labs thinks this market should grow 50 to 100 times so traditional players start caring about it. “Even if this is like a 50-fold growth from last year, $1.7 billion doesn’t matter at all to me. To make this relevant and for me to care about this market, it’s got to be like 50 to 100 times what it is now for me to actually want to devote my time to even trying to worry about this and trying to enable and engender and create something,” shared Colin Butler with Crypto Briefing. Butler highlights that a billion dollars for companies such as BlackRock “is just nothing.” Nevertheless, he sees the RWA market getting there soon, although he doesn’t know what “soon” could mean as a time frame. “Does it mean twelve months? I don’t know. Does it mean 24 months? I don’t know. But I do see massive progress taking place, I think, in the next three months.” The optimism manifested by Polygon Labs’ executive is related to mainstream players tackling “creative ways” that are going to be known in the next two to three months. “I think it paints a vision of clear next steps for how this thing could be really big.” Interoperability and privacy Polygon technology is currently being used by some of the players tokenizing US Treasuries, such as Franklin Templeton, Ondo, and Swarm. Roger Bayston, Head of Digital Assets at Franklin Templeton, said that Polygon enables their tokenized fund to be…

---

Filed under: News - @ June 24, 2024 3:16 pm