I like this framing because it points to the unsexy part that actually matters: the plumbing. Most people think “markets” equals the trading screen. The real pain (and cost) is clearing, settlement, reconciliation, and all the middle-office glue that exists because nobody shares a single source of truth.
The 24/7 point is real, but the ownership and settlement pieces feel like the bigger wedge. If tokenization can enable near-instant, atomic settlement and make beneficial ownership verifiable by default, that is a meaningful step toward a fairer system and lower systemic risk. It also forces a healthier conversation about what “you own” actually means when brokers can pause access during stress.
The part I keep coming back to is: can this be made safe and normal for regular people. Self-custody is empowering, but key management and recovery is still too sharp-edged, and tokenized shares only matter if the legal rights off-chain are crystal clear. Curious where you think the first mainstream beachhead is: private markets, treasuries, money-market style products, or something else?
Blockchain fixes a lot of things that aren't "sexy". I think that is why people sometimes get disappeared. They want something "fun" and when it rolls out something truly good its boring.
As far the first good RWA category goes I am not sure. Tokenized gold has already had some success. But a lot of this will be determined by industries that are able to pivot.
What problems do tokenized securities solve? What happens when a tokenized security holder loses their private key? Will the "blockchain" transactions be reversible and create a new chain like the ethereum dao hack debacle? If so, why waste time and energy trying to find so many 0's on a blockchain when you can use a spreadsheet?
It's like you didn't even read my article. I listed 3 problems tokenized securities solve. I can list more but I thought the 3 I listed were powerful on their own.
Interesting read
Thank you so much. I am glad you enjoyed it.
I like this framing because it points to the unsexy part that actually matters: the plumbing. Most people think “markets” equals the trading screen. The real pain (and cost) is clearing, settlement, reconciliation, and all the middle-office glue that exists because nobody shares a single source of truth.
The 24/7 point is real, but the ownership and settlement pieces feel like the bigger wedge. If tokenization can enable near-instant, atomic settlement and make beneficial ownership verifiable by default, that is a meaningful step toward a fairer system and lower systemic risk. It also forces a healthier conversation about what “you own” actually means when brokers can pause access during stress.
The part I keep coming back to is: can this be made safe and normal for regular people. Self-custody is empowering, but key management and recovery is still too sharp-edged, and tokenized shares only matter if the legal rights off-chain are crystal clear. Curious where you think the first mainstream beachhead is: private markets, treasuries, money-market style products, or something else?
Blockchain fixes a lot of things that aren't "sexy". I think that is why people sometimes get disappeared. They want something "fun" and when it rolls out something truly good its boring.
As far the first good RWA category goes I am not sure. Tokenized gold has already had some success. But a lot of this will be determined by industries that are able to pivot.
What problems do tokenized securities solve? What happens when a tokenized security holder loses their private key? Will the "blockchain" transactions be reversible and create a new chain like the ethereum dao hack debacle? If so, why waste time and energy trying to find so many 0's on a blockchain when you can use a spreadsheet?
It's like you didn't even read my article. I listed 3 problems tokenized securities solve. I can list more but I thought the 3 I listed were powerful on their own.