That tokenized “stuff” can be almost anything. Artwork, real-estate, luxury items, wine bottles, cars, carbon credits, and financial instruments like T-bills and stocks — they can all go on-chain. “We’re trying to get everything to tokens, then we’re going to try to see if we can wipe out all the costs from the underlying systems,” says Allan Pedersen, CEO of the Monetalis group, which has worked to tokenize RWAs and use them as collateral on MakerDAO. Pedersen says they have tokenized $1.2 billion in treasury bills that are now used by Maker as collateral.
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Written by Bankerage Published on July 18, 2023