A quick thought after KBW and TOKEN2049. It was clear that institutional adoption, particularly RWAs, was one of the main themes. However, it also became increasingly clear to me that we could be heading toward another Alameda/FTX style crisis. We have already seen numerous RWA vaults experience failures. Just because you bring risky assets from traditional finance onchain doesn't suddenly make them safer.

Tokenization could change how people and institutions buy, sell, and use financial assets, but legal, regulatory, and infrastructure barriers remain. As markets grow, policymakers will need to manage new channels of financial risk. Watch the launch event: imf.org/en/publications/gfsr…

💥BOOOOOOOOOOOOOOOM!!!💥 🇺🇸 THE NEW YORK STOCK EXCHANGE JUST ANNOUNCED 'THE FUTURE OF CAPITAL MARKETS': 1. MONEY, STABLECOINS 2. TOKENIZED STOCKS, BONDS, SECURITIES 3. COMMODITY MARKETS TRANSLATION: The ENTIRE financial system will be ON-CHAIN! 🔥

Top 3 tokens across 13 sectors: Revenue Machines - $PUMP · $STONK · $PONS Privacy - $ZEC · zano:native · $RAIL AI & Big Data - $NEAR · $QUBIC · $GRASS Agents - $VVV · $VIRTUAL · $KITE Robotics - $PEAQ · solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu · $IOTX AI Infrastructure - $TAO · solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7 · $SERV DePIN - solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof · filecoin:native · $ZBCN RWA Infrastructure - $LINK · $PLUME · $QNT Tokenized Assets - $ONDO · $CHEX · $RIO Perp DEXs - $HYPE · aster-2:native · $LIT DeFi - $AAVE · $UNI · $PENDLE Solana DeFi - $JUP · $RAY · $JTO Memecoins - $PENGU · $BONK · $CASHCAT

Top 3 tokens across 13 sectors: Revenue Machines - $PUMP · $STONK · $PONS Privacy - $ZEC · zano:native · $RAIL AI & Big Data - $NEAR · $QUBIC · $GRASS Agents - $VVV · $VIRTUAL · $KITE Robotics - $PEAQ · solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu · $IOTX AI Infrastructure - $TAO · solana:nosXBVoaCTtYdLvKY6Csb4AC8JCdQKKAaWYtx2ZMoo7 · $SERV DePIN - solana:rndrizKT3MK1iimdxRdWabcF7Zg7AR5T4nud4EkHBof · filecoin:native · $ZBCN RWA Infrastructure - $LINK · $PLUME · $QNT Tokenized Assets - $ONDO · $CHEX · $RIO Perp DEXs - $HYPE · aster-2:native · $LIT DeFi - $AAVE · $UNI · $PENDLE Solana DeFi - $JUP · $RAY · $JTO Memecoins - $PENGU · $BONK · $CASHCAT

There's a lot more than this if you expand beyond the majors. For example CHEX did this.

Enterprise RWA infrastructure from @ChintaiNetwork with dual @MAS_sg regulatory licensure and @Chainlink CCIP/ACE integration is in the sweetspot of these proposed SEC rule changes🖖 Visit chex-community.com for your due diligence

I’ve been pretty vocal on ethereum:0x9ce84f6a69986a83d92c324df10bc8e64771030f in the past. An RWA project which is REGULATED. MAS is one of the most difficult (and expensive) licenses to obtain. Chintai has it 👏 The rumours this week have been that a partnership with a top 5 asset manager will be announced. That could be BlackRock, Vanguard, Fidelity, State Street or JP Morgan. Massive companies. Is it true? Or just a rumour? Time will tell. It would make sense objectively speaking - a top 5 AM would only want to do business with regulated firms. And there’s very few tokenisation platforms out there with regulation. MAS is globally renowned, think similar to SEC or FCA. Currently $CHEX is at $20m market cap. Hypothetically if a big name is announced, would that seem fair value to you? Price action hasn’t been great but remember this is a real company first. A lot of coins in this space have nothing behind them. Plenty to think about… Worth doing your research as this could be an asymmetric upside opportunity. 🧐