#EthereumFuture

2025 is shaping up as the make-or-break year for Ethereum’s dominance of RWAs, with tokenized assets surging 57% to $21 billion since the US election set the stage for new crypto legislation that clarifies the rules. 

But some warn that Ethereum might watch it all slip away if it doesn’t play its cards right.

Sam Kazemian, founder of stablecoin project Frax Finance, believes Ethereum really is the best place for institutions to issue RWAs — but that doesn’t mean it’s going to win.

“I think that the complacency of like, ‘It’s just gonna happen because Ethereum is so good,’ that’s not true,” he says, arguing that unless Ethereum maxis start positioning the blockchain as the only acceptable source of truth for tokenized assets, its advantages will slip away. 

Kazemian says the fact that BlackRock’s BUIDL is available on seven different blockchains undermines Ethereum’s security advantages.