Tokenization · U.S. · CoinDesk
Crypto critic Roubini joins tokenization boom with onchain 'Technodollar'
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Nouriel Roubini, the economist known as "Dr. Doom" for predicting the 2008 financial crisis and who later became one of crypto's most vocal critics, is making his first move into blockchain-based finance.
Key facts
- In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024
- Major firms including BlackRock, Franklin Templeton and Apollo have launched tokenized investment products, helping drive the market for tokenized assets above $30 billion excluding stablecoins, according to rwa
- USAFi is the tokenized version of the Atlas America Fund (USAF), an ETF overseen by Roubini and listed on Nasdaq
- The company plans to launch the asset in the third quarter under Dubai's Virtual Assets Regulatory Authority (VARA) framework, the firm said
Summary
Longtime crypto critic Nouriel Roubini co-authored a whitepaper for a tokenized investment product called USAFi. The token will be backed by the Atlas America Fund ETF he oversees with plans to be issued under Dubai's VARA framework in the third quarter of 2026. Nouriel Roubini, the economist known as "Dr. Roubini co-authored a whitepaper for USAFi, a tokenized investment product being developed by Atlas Capital Team, according to a Tuesday announcement. USAFi is the tokenized version of the Atlas America Fund (USAF), an ETF overseen by Roubini and listed on Nasdaq.