X @Ignas | DeFi

The real endgame: Assets issued natively onchain, not wrapped from TradFi.RWAs & tokenization are just the first step.As @samkazemian wrote - "settlement guarantees" only make sense for assets without issuers, like BTC or ETH.But for RWAs, the guarantee depends on the issuer.Example: $BUIDL on Ethereum is just a subset of BlackRock's liabilities.If Ethereum goes down, BlackRock decides what happens next, because the real record sits offchain, in TradFi.But when assets are natively issued on-chain, the ...