Core Insights - Tokenization is expected to transform market operations by digitizing assets and representing them on the blockchain, although not all assets are suitable for tokenization [1] - The market for tokenized real-world assets (RWA) has reached nearly $27 billion, with long-term estimates ranging from $16 trillion to $30 trillion by the early 2030s, highlighting the efficiency and transparency benefits of tokenization [2] Group 1: Tokenization Benefits - The primary advantage of tokenization is increased efficiency, allowing for faster asset movement and atomic settlement, which eliminates intermediaries in traditional markets [2] - Tokenization enhances transparency in financial transactions, making it easier to track and settle assets [2] Group 2: Asset Suitability - Not all assets are ideal candidates for tokenization; for example, equities may not see significant benefits beyond potential 24/7 trading due to their mature market status [3] - Private credit is identified as a promising area for tokenization, as it typically involves slow and opaque processes that could benefit from blockchain transparency and efficiency [4] Group 3: Kadena's Approach - Kadena, a proof-of-work layer one blockchain, focuses on scalable and secure tokenization, having developed its own RWA token standard modeled after ERC-3643 [5][6] - The platform supports low to no gas fees through its chain web architecture and is moving towards Ethereum Virtual Machine (EVM) compatibility, which is generating excitement among developers [6]