Ethereum maxis should become ‘assholes’ to win TradFi tokenization race
Ethereum’s lead in the $16.1T tokenization race could slip away if maxis don’t insist it’s the only acceptable source for truth for RWAs.
For years, the default assumption in the Ethereum community has been that it will inevitably become the global settlement layer for finance.
It didnt 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.
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).
