Ondo and Securitize execs say utility, not hype, will drive tokenization’s next phase

Group 1 - Tokenization is gaining traction, but its success relies on real-world utility rather than market hype, according to executives from Ondo Finance and Securitize [1] - Securitize has partnered with firms like BlackRock to tokenize real-world assets, including U.S. Treasury funds, with BlackRock's BUIDL fund holding over $2.2 billion in assets, making it the largest tokenized Treasury fund [2] - Ondo Finance focuses on tokenized Treasuries and ETFs, currently having about $2 billion in total value locked (TVL), indicating that tokenized Treasuries represent only a fraction of the potential market [3] Group 2 - The next phase of tokenization will be driven by the actual utility of tokenized assets, with Ondo enabling tokenized stocks and ETFs to be used as margin collateral in DeFi perpetuals, enhancing capital efficiency [4] - Technological advantages alone, such as programmable compliance and fast settlement, are insufficient; utility is deemed the primary driver for the next phase of tokenization [5]