The RWA tech stack đŠâïž
Wall Street incumbents manage trillions of dollars across asset classes.
They have an $ incentive to tokenize their funds & make the tokenized LP shares accessible across chains.
By moving the funds onchain, the asset managers are able to (i) find new investors, and (ii) provide them with a better product (= higher returns via daily dividends and/or DeFi-powered levered strategies).
The asset managers are also likely to outsource many of the tokenization-related functions.
For BlackRock's BUIDL, @Securitize and @wormhole manage the fund's tokenization & asset interoperability, respectively, while @eulerfinance enables the LP shares to be used as collateral to power levered strategies.
