Jason Leupold retweeted
Tokenization is a $140 trillion opportunity that almost nobody is building for.
I wrote a piece for the@TACoalition
that probably isn't going to make me popular at the conferences.
The argument: tokenization isn't ready for RIAs to allocate client capital to — and the industry doesn't seem to be building in that direction.
I didn't come to that view from the outside. I came to it from building Protocol Wealth.
When you're actually trying to put tokenized assets into a fiduciary portfolio — running due diligence, mapping custody, thinking about reporting, audits, suitability, the things that matter when it's not your money — the gaps are obvious.
Liquidity
Disclosure
Custody clarity
Counterparty risk
The basic plumbing that RIAs need to do their job The builders are mostly optimizing for crypto-native users and DeFi flows.
That's a real market. It's just not the $140 trillion one.
If tokenization is going to live up to the pitch, somebody has to build for the people who allocate the actual money.
Jason Leupold retweeted
Tomorrow I'm publishing a piece with the @TACoalition
It is not the version of the tokenization story you're used to reading.
The industry keeps citing the $140 trillion RIA market as the prize. Almost nobody is actually building for it.
More tomorrow.
Jason Leupold retweeted
Day 1 of @consensus2026. Miami Beach. Here we go.
Today I get to interview Rob Krugman from @Broadridge on tokenization. Broadridge is one of the organizations that has to be on board for tokenization to actually reach the wealth management industry — they supply so much of the plumbing. That conversation is going to be a good one.
Tomorrow is Wealth Management Day, which I'm helping run. The themes this year are hard to ignore: tokenization, stablecoins, payments, real-world assets. These aren't conference buzzwords anymore — they're infrastructure decisions that RIAs and wealth managers need to start making.
Also worth noting: Bitcoin ticked up on Day 1. If you've been to enough of these, you know that's not the usual pattern.
If you're in Miami this week for Consensus or any of the side events, send me a message. Would love to connect.
Jason Leupold retweeted
Why is this important?
In TradFi, most people don't have the opportunity to borrow against their investment assets. Sure, you might be able to get a margin brokerage account, but that's it. Not horribly useful.
Now, imagine your portfolio consists of not only equities and ETFs, but also tokenized assets representing real estate, credit instruments, equities, income streams.
You need cash for some very valid purpose:
- Purchase a car
- College
- Wedding
- Start a business
As your advisor (which I'm likely not in this case), I would now have so many more options to help you determine how best to access the cash you need.
We can sell assets (which might trigger a taxable event), rely on income, or borrow against your tokenized assets via a decentralized protocol.
More options = more efficiency
But I'll keep going...
As your advisor (which, if you'll remember, I'm not), you also have another option to earn some yield on your money.
You can add to an @aave pool that lends against RWAs as collateral, and earn income. These have more stable values than more volatile crypto assets, so you might feel more comfortable lending against them.
The lego blocks are coming together for everyone
Securitize is bringing the world’s largest tokenized funds to @aave’s new Horizon market.
For the first time, institutions can borrow against RWAs like U.S. Treasuries, credit, and equities, including @vaneck_us’s VBILL.
Onchain. 24/7.
Jason Leupold retweeted
Official Announcement: US-ASIA COMMUNITY DAY at ETH DENVER 2025
APAC DAO & @lukso_io are excited to co-host the largest US-Asia Web3 gathering at @EthereumDenver, bringing together the brightest minds in blockchain to discuss market opportunities, funding, and cross-border partnerships.
📅 Date: February 25, 2025
📍 Venue: Green Spaces, Denver
This exclusive event is powered by @Uniswap , @IvoryLabsXYZ & @ttt_lab, uniting top Web3 builders, investors, and thought leaders from both sides of the globe.
Why Attend?
1. Expand your network—Meet leading VCs, founders & builders from APAC & US
2. Discover new market opportunities—Insights into the Web3 expansion in Asia & the US
3. Collaborate & scale—Explore funding, partnerships & strategic growth
4. Join exclusive discussions—Learn from Web3 pioneers building across regions
Agenda Highlights:
- Opening Remarks – Meet the organizers & sponsors
- US & APAC Web3 Market Overview – Understanding the opportunities in both regions
- Founder Roundtable – Navigating challenges, scaling strategies & funding
- Open Networking – Forge meaningful connections with Web3 leaders
📌 Secure your spot now! Limited capacity, register today: lu.ma/ulm5bpeb
We can’t wait to welcome you to ETH Denver’s premier international Web3 gathering! See you there!
Jason Leupold retweeted
Stoked to welcome @robinrcook, U.S. Policy @coinbase, back to Denver for a regulatory retrospective and future forecast.
lu.ma/web3policy
Jason Leupold retweeted
The first winter run was a chilly one for our 361 Capital Run Club this morning.
Coaches and Fund Managers: Who’s in the Hot Seat? 361capital.com/blog-posts/co… via @361capital
Vote for @hogsheadbrewery in @Uber_CO's Battle of the Breweries! You'll also get $25 off your first ride! get.uber.com/go/hogshead #UberBrew
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