Ethereum maxis should become ‘assholes’ to win TradFi tokenization race
The post Ethereum maxis should become ‘assholes’ to win TradFi tokenization race appeared on BitcoinEthereumNews.com.
For years, the default assumption in the Ethereum community has been that it will inevitably become the global settlement layer for finance. It didn’t matter that retail was jumping ship for faster and cheaper chains like Solana and Aptos — TradFi would recognize that Ethereum is the most battle-tested, credibly neutral and decentralized network, making it the only viable option for what Boston Consulting Group predicts will be a $16.1-trillion market by 2030. Sam Kazemian, founder of Everipedia and Frax Finance. (Cointelegraph) There are signs the prophecy is coming true. BlackRock, Fidelity, Wisdom Tree, Sony, Deutsche Bank, UBS and Coinbase are all making Ethereum the core of their onchain strategies. Last week, Ethereum-based platform Blocksquare announced a $1-billion deal with Vera Capital to tokenize US real estate, and Securitize and Ethena teamed up to launch the Converge L2 to tokenize billions more real-world assets (RWAs). 2025 is shaping up as the make-or-break year for Ethereum’s dominance of RWAs, with tokenized assets surging 57% to $21 billion since the US election set the stage for new crypto legislation that clarifies the rules. But some warn that Ethereum might watch it all slip away if it doesn’t play its cards right. Sam Kazemian, founder of stablecoin project Frax Finance, believes Ethereum really is the best place for institutions to issue RWAs — but that doesn’t mean it’s going to win. “I think that the complacency of like, ‘It’s just gonna happen because Ethereum is so good,’ that’s not true,” he says, arguing that unless Ethereum maxis start positioning the blockchain as the only acceptable source of truth for tokenized assets, its advantages will slip away. Kazemian says the fact that BlackRock’s BUIDL is available on seven different blockchains undermines Ethereum’s security advantages. That’s because holders of the ETH version of an RWA…
Filed under: News - @ April 24, 2025 4:26 am