Summary
Traditional finance’s belief that trillions of dollars will be tokenized in the future is not aligned with the innovative firms working with RWAs. DeFi sees tokens as executable code with their own logic, rights, and possibilities, not just database records.
Key Points
1. Traditional finance’s prediction that trillions of dollars will be tokenized in the future is seen as disconnected from firms innovating with RWAs.
2. DeFi’s understanding of a token differs from traditional finance, as it sees a token as code that is executable, transferable, and has its own logic, rights, and possibilities.
3. DeFi views tokens not as database records, but as independent entities that can operate autonomously.