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Chainlink (LINK) creator Sergey Nazarov says that traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars.
In a new speech at the TOKEN2049 conference in Singapore, Nazarov says that TradFi will ultimately be the largest customer of decentralized finance (DeFi).
Nazarov says that he expects RWAs to overtake all other crypto assets by market cap by creating an environment that allows TradFi money to arrive in the blockchain industry.
“It’s actually about net new value coming in from the traditional market, and coming in not in the hundreds of billions but in the trillions. That’s the next kind of stage of our industry as a whole, and personally I believe that the real-world asset trend and the real-world asset category will, relatively soon in the next few years, overcome the total value of cryptocurrencies.
And then our industry by definition, by the numbers, will not be about cryptocurrencies, it will be about blockchain technology enabling things like real-world assets. And that’s what the blockchain industry will be.
So this is kind of the world that I think we should all be preparing for, and that the Chainlink ecosystem is working towards, by both enabling DeFi to grow and be secure and reach the kind of level of reliability and guarantees that the DeFi community needs and that the TradFi community needs, and enabling the TradFi community’s value to flow onto blockchains and into the DeFi ecosystem eventually.
What this will result in, if it works as intended, is CCIP (cross-chain interoperability protocol) becoming one of the key protocols of the Internet, what we call the Internet of contracts and Internet of value. Because CCIP is fundamentally the data and value transport mechanism by which that data and value flows into and across all of those chains.”
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The post Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital appeared first on The Daily Hodl.
Chainlink (LINK) creator Sergey Nazarov says that traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars. In a new speech at the TOKEN2049 conference in Singapore, Nazarov says that TradFi will ultimately be the largest customer of decentralized finance (DeFi). Nazarov says that he expects RWAs to overtake all
The post Sergey Nazarov Unveils Real World Asset Prediction, Says TradFi Will Flood Sector With Trillions of Dollars in Capital appeared first on The Daily Hodl. Altcoins, Blockchain, chainlink, link, News, real world assets, RWA, sergey nazarov
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