AI Agent · Circle · Tokenization · Wall Street · CoinDesk
Citrini sees a tokenization boom. The harder question is who profits
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This is an excerpt from CoinDesk's new ‘ Tokenization Weekly’ newsletter that will be launching soon.
Key facts
- Citrini argued that tokenization could lift the broader crypto ecosystem, but more assets moving onchain doesn't automatically make bitcoin BTC $81,932.35, ether ETH $2,423.65 or whichever blockchain
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- Citrini Research, better known for its work on broader technology, AI and market trends than for cheerleading crypto, turned its attention last week to tokenization in a 79-page report titled
- Jeff Dorman, CIO of investment firm Arca, told CoinDesk he expects the actual tokenization process to become increasingly commoditized as competition grows
Summary
Crypto enthusiasts have spent years telling that finance, stocks, bonds and other financial assets, would eventually move onto blockchains. Now, an influential research firm that Wall Street investors pay attention to has made the case for them. Citrini Research, better known for its work on broader technology, AI and market trends than for cheerleading crypto, turned its attention last week to tokenization in a 79-page report titled Breaking the Wall. The report itself isn't news anymore, but the argument behind it is worth sitting with because it marks how far the conversation has moved.