Original title: Who absolutely Benefits from the Tokenization of RWAs And Why?

Original by Zeus, Encryption Analyst

This post is part of our special coverage Syria Protests 2011

I talked about this last week, and Andy of Rollup asked about it. Everyone has been asking: Who is the real beneficiary of the monetization of real world assets

The real answer is:Almost everyone would benefit, but the reason for the benefit, the time node and the bottom logic were completely different。

Diaspora perspective: from bystander to participant

For decades, it has been systematically excluded from high-yielding assets. Not because assets are too complex, but because the traditional financial system itself is designed for large amounts of money, qualified investors, and inefficient liquidations, small investments are not cost-effective。

The monetization is not just a lowering of the threshold, but a direct dismantling of the entire system of the manufacturing threshold。

Think about what happens now when the diaspora wants to invest in private credit:

:: The threshold is usually 250,000 to 1 million dollars

:: Must be qualified investors

:: Locker 3-7 years

• Few secondary markets

:: Fully subject to the management of the Fund

And once the funds are coined:

Fragmentation holdings: $1 million, $100. Smart contracts address the excessive cost of micromanagement。

• 7x24-hour transactions: no opening time, no liquidation window period, no waiting for the bank to arrive。

• A global banker in Lagos, Jakarta, São Paulo, and an investor in Manhattan can buy the same national debt fund for currency。

:: Portfolioability: tokenized assets are programmable capital. They can be used as collateral for loans, treasury strategies, cross-platform flows, without a voucher。

Deeper: More than "better buy" the same thing, it's a whole new set of financial behaviors。

Within one afternoon, he held a dollar-based debt, mortgaged it to lend a stable currency, reinvested in a revenue strategy, and took care of himself all the way without calling the manager。

Before the monetization, the diaspora was a global capital market audience. Following the monetization, the diaspora became a participant. The gap is huge。

Issuer perspective: faster financing, wider access and lower costs

For the issuer, the logic is simple: monetization allows for faster financing, lower costs and an exponential expansion of investor groups. All issuers around the world care about these three points, and monetization can be satisfied at the same time。

The change from traditional to tokenized distribution:

• Traditional settlement takes weeks to months and monetization takes minutes to hours。

• Traditionally, there is a need to host, transfer, issuer, clearing agency; tokenization completes distribution, compliance and liquidation with smart contracts。

• Traditionals are subject to geographical, regulatory, threshold limits; monetization is global, 7x24, small-scale。

:: The high cost of traditional manual reconciliations, quarterly reports and shareholder roster management; tokenized automated statements, transparent chain, real-time data。

:: Stereotyping of traditional products; monetization to support tiered design, flexible foreclosure, dynamic revenue mechanisms。

Traditional private credit funds, which generally serve only 50-200 institutions, take months for a round of financing。For its part, it can serve thousands of investors: compliance procedures, digitizing accounts, very low thresholds, with the participation of diasporas, small family offices and encrypted native institutions。

It also brings new product design capabilities:

• A layered product in a smart contract that makes different risks / returns

• A flexible buy-in by day/ week/month, with automatic code implementation

Dynamic benefit mechanisms based on chain data

• Solid harvest + DeFi proceeds mixed product

These costs are so high in traditional finance that they are so simple in a monetization system。

Institutional perspective: liquidation, transparency, structural risk reduction

Institutions do not care about the concept of encryption or about decentrization。Their true obsession is with liquidation risks, operating costs, accuracy of statements and regulatory compliance。

In each case, monetization has a quantifiable increase. That's why all the top financial institutions around the world are here。

THE CURRENT FINANCIAL SYSTEM IS AT LEAST T+2 LIQUIDATION. THIS MEANS THAT WITHIN TWO DAYS OF THE TRANSACTION:

:: Persistent risk of default by the counterparty

• Funds are occupied and cannot be reused

:: Extremely complex reconciliations, bonds, collateral management

THE MONETIZATION TRANSLATES LIQUIDATION INTO NEAR REAL TIME (T+0), WHICH ALONE:

:: Release of significant amounts of money spent on the liquidation cycle

Elimination of counterparty risk during liquidation

• Substantial reduction of reliance on back-end systems such as clearing houses, central counterparts, etc

The global potential annualized efficiency gains from this shift are about 2.4 trillion dollars. By 2030, the conservative short-term annualization gains were between $31 billion and $13 billion。

The giants already in action:

• BELET LAUNCHED A MONETIZED MONEY MARKET FUND, BUIDL, OVER $1 BILLION

• FRANKLIN TEMPLETON CHAINED FUND SHARES THROUGH BENJI

:: Morgan Chase built the Onyx platform for token buy-back and collateral management

• Goldman Sachs, HSBC, SB and Citigroup are all piloting or building a monetization infrastructure

They are not because the chain is fashionable, but because it is cheaper, faster and less risky。

Capital builders' perspective: Water sellers in trillions of markets

EVERY MAJOR TRANSFORMATION, THE WINNER IS AN INFRASTRUCTURE PERSON. AWS FOR GOLD-SCATTERING, INTERNET SERVERS, CLOUD COMPUTING。

Real-world asset monetization is building a whole new financial infrastructure. A good company would become a bottom line for over $11 trillion in markets。

This eco-essential module:

• Host institution: Ensuring a legitimate correspondence between the chain of tokens and real assets is one of the most critical ecological players。

• LEVEL OF COMPLIANCE: KYC/AML, INVESTOR CERTIFICATION, GEOGRAPHICAL LIMITATIONS, CROSS-BORDER COMPLIANCE, FULLY PROCEDURAL。

:: Platform for issuance: to enable anyone to legally and simply decorate assets。

• Liquidation and settlement infrastructure: realization of instantaneous liquidation, linking to traditional banking systems。

• Prophecies and data: linking net values, interest rates, defaults, house prices and commodity prices in bulk is the basis for the pricing of tokens。

• LEGAL AND STRUCTURAL SERVICES: SPV, TRUST, FUND STRUCTURE, NO LEGAL BOTTOM LINE, CURRENCY IS JUST A SET OF NUMBERS。

Emerging Market Perspectives: The Neglected Real Revolution

The Western financial circle is rarely spoken of, but this may be the most important part: for billions of people in emerging markets, monetization is not "better finance" but the first financial system that really serves them。

The financial dilemma of many emerging markets:

• High inflation and rapid devaluation of the domestic currency

• Large numbers of the population without bank accounts or inadequate financial services

• Capital controls that do not allow foreign currency and overseas assets to be configured

:: Cross-border transfer fees 5 per cent-10 per cent, which take several days

:: Local asset returns are extremely low and do not win inflation。

Decorate + Stabilization changes everything:

• Gains in United States dollars can also be made without a United States bank account. Argentines can hold dollar-denominated debt and earn dollar gains in stable currency. As long as the wallet and network are in place, there is no need for qualified investors and no need for wire transfers. The currency depreciated 40 per cent a year in a country that was not an improvement, it was a rescue。

• STABLE CURRENCY AS A SAVINGS INSTRUMENT. IN HIGH-INFLATION COUNTRIES, USDC, USDT HAVE BECOME A DE FACTO MEANS OF SAVING VALUE. ON THIS BASIS, TOKENIZED ASSETS PROVIDE A RETURN。

• Ordinary people can also invest in top assets globally. In South-East Asia and Africa, ordinary people were almost inaccessible: United States debt, investment-grade bonds, private loans, global property. The monetization has fragmented these assets into 7 x 24 hours。

• Immediate, low-cost cross-border transfers. Cross-border remittances are the lifeblood of the economies of many countries, with traditional high fees and slow payments. The stabilization and monetization assets were completed in a few minutes at extremely low cost。

:: Real-time payroll. Wages are paid directly in real time, and employees are paid at any time without a payday。

Around 1.4 billion adults worldwide do not have bank accounts and billions of people lack financial services. Dialization + stabilization is the first path to a truly large-scale inclusive finance that does not depend on traditional banks。

For these peopleThe monetization is not just "making finance better," but it is making finance accessible for the first time。

Full Benefit Map

• Sampling: access and portfolio, low threshold, globalization, programmable capital。

• Issuers: faster financing, lower costs, broader investors and more flexible products。

• Institutions: real-time liquidation, risk reduction, reduced operating costs and increased transparency。

• Regulation: traceability, compliance embedded in the chain, moving from passive regulation to real-time precision regulation。

• Capitalist: the bottom line of a trillion markets with huge long-term gains。

• Emerging markets: achieving real financial inclusion and addressing structural issues such as inflation, regulation and lack of services。

It's a risk alert

It's not all-powerful:

:: Inability to repair poor assets

:: Unguaranteed liquidity

• It won't make the risk disappear

In the case of tokenized property, the price falls. If the legal structure is weak, hosting is unreliable, prophecies are forged and the issuer does not operate the assets, the token is a piece of paper。

All the benefits are real, logical and realistic, but only if the law, trust, compliance and operation are all right。

The token is only the last ring, and everything at the bottom is really important。

Decorate is not magic. It's infrastructure. Infrastructure, on the other hand, can only function if it is right。

Well, who benefits most

Frankly: Look at the time cycle。

:: Short-term: institutions and issuers first win

The immediate savings in liquidation, compliance and operations do not need to be dispersed, secondary markets or better infrastructure。

• Medium term: capital and technology providers win

The market size is expected to reach $11 trillion in 2030, and companies that are hosting, complying, issuing and liquidating will become industry designs。

:: Long-term: Diaspora and emerging market groups ultimately benefit most

When capital is mature, compliance is stable and the secondary market deepens, anyone around the globe can invest in any asset with a mobile phone, 7x24 hours。

So the answer to "who benefits most" is not a certain categoryBut it's: we all benefit from different times, different reasons, different ways

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