Don’t Just Tokenize Assets, Build The Institutions To Back Them

Opinion by: Alex Zhang, co-founder at Pharos

Tokenizing real-world assets (RWAs) is not a self-contained solution to traditional finance problems. To claim such a thing would be one-dimensional. As it stands, RWA tokenization is under immense pressure to perform despite showing clear value and signs of progress. 

Despite its progressive trajectory, the criticism leveled at RWA tokenization is immense. Critics say that decentralization alone is enough. 

It’s too complex for the masses. Regulatory hurdles are insurmountable. The infrastructure is…