Core Insights - The surge in real-world asset (RWA) tokenization is leading the crypto industry into new territory, integrating traditional equities, private credit, and commercial paper on-chain, while revealing potential critical risks [1][2] - A significant risk identified is the "weekend gap," where crypto markets operate 24/7, unlike traditional markets, which are closed during weekends [2][3] Group 1: Weekend Trading Risks - In traditional finance, if a disaster occurs over the weekend, the market is closed, leading to a "gap down" when trading resumes on Monday, while crypto markets remain open [2][3] - For instance, a tokenized version of Tesla stock can be traded at any time, including weekends, which could lead to price dislocation if significant events occur while traditional markets are closed [3][4] - The potential for trading on "ghost" prices arises if oracles do not update prices until traditional markets reopen, creating arbitrage opportunities and risks of under-collateralization in lending protocols [4][5] Group 2: Complexity of Tokenized Products - The market is shifting towards more complex products, such as tokenized portfolios of credit, commercial paper, and equities, which increases inherent risks compared to relatively safer stablecoins [5]