Ethereum paves the way for tokenization
Last month, a highly publicized trend in practical use cases, where real assets (stocks, bonds, etc.) are tokenized using blockchain technology, gained momentum. Ethereum is one of the main beneficiaries. Its market share of RWA surged by 20% in April, with the value of tokenized assets on the network reaching $6.2 billion, according to Cointelegraph.
Pilot projects for RWA tokenization have proliferated recently, as Cointelegraph explained, and have involved assets such as real estate, gold, and carbon credits. Larry Fink, CEO of BlackRock, compared tokenized RWAs to "digital deeds," which can therefore be exchanged instantly.
The Ethereum community believes that this trend is just beginning and that the network will be the go-to port for financial companies exploring RWAs, despite Ethereum's persistent scalability issues.
Regarding Ethereum's leadership, Fink is in full agreement. Fink has stated that "there is no doubt that the blockchain we would start our tokenization on would be Ethereum, and it's not just a BlackRock issue, it's the default natural answer."
