Robbie Klages: Tokenization is still at 1% stage, but differentiation has occurred
Robbie Klages stated that tokenization is still at the 1% stage, but differentiation has occurred, and Bitcoin prices no longer determine whether asset managers push for tokenization.
Billy Miller from Securitize pointed out in a discussion that institutional calls were interrupted after the FTX collapse, and tokenization was once tied to crypto reputation; now, asset managers independently assess blockchain efficiency.
Partnerships like BlackRock are driving the growth of RWA, with asset managers focusing on practical use cases like tokenized shares, capital flows decoupling from Bitcoin cycles, and traditional financial infrastructure accelerating on-chain.
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Securitize has previously focused on tokenization for eight years, and its partnership with BlackRock marks a shift from the crypto fringe to the mainstream, continuing the industry's judgment on the independent development of RWA.
In terms of capital pathways, institutions are mobilizing resources to issue tokenized assets through platforms like Securitize, motivated by achieving settlement efficiency and compliance programmability, strategically avoiding pure speculative cycles and focusing on infrastructure.
Similar to views from institutions like Galaxy, this event is in the stage of tokenization transitioning from being Bitcoin-dependent to an independent capital market technology, with traditional asset managers entering early adoption.
Essentially, this is a technological substitution: blockchain replaces parts of traditional registration and settlement systems, with mechanisms that clarify regulation (such as the CLARITY Act) lowering entry barriers, and pricing power shifting from speculation to efficiency-driven.
ABAB News · Law of Cognition
- Cycles bind speculation, decoupling releases infrastructure.
- 1% penetration is the inflection point; traditional capital accelerates once independent.
- Bitcoin sells stories, tokenization sells structural efficiency.