Infrastructure that makes yield simple. Auto-optimized, multi-chain, plug-and-earn. ✧ Build With Yield ✧
Joined February 2021
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Yelay retweeted
22 public companies have now objected to having their shares tokenized on a new US trading platform.
@Microsoft, Alphabet, @WellsFargo and others are on the list.
Meanwhile, the tokenized stock market has grown from around $847M in January to $3.4B in October.
Quite a strange position for the market to be in.
Millions of people want easier access to stocks, exchanges are racing to offer it, and some of the companies behind those stocks are pushing back.
Under the new US framework, issuers can object to specific tokenization plans.
I suspect we'll see a lot more debate over who should actually control how public shares are distributed.
Yelay retweeted
tokenization is non-negotiable
"Every asset will be tokenized - private equity, real estate, fine wine. It’ll all trade 24/7 on permissionless networks like a stock." - @vladtenev
in 10 years, trading assets on traditional 9-to-5 banking rails will look as absurd as sending a paper letter instead of an email
A rate cycle did more for tokenization than a decade of protocol development.
Here's the framework we use to think about what comes next 👇
💰Tokenized Treasuries proved RWA can live on-chain. Private credit is where it's being decided whether they belong there.
We broke down why the bigger half of the RWA market stays invisible
Private Credit
A form of non-bank lending where specialized investment funds provide financing directly to businesses.
Why it matters:
• $1.7T+ market
• Institutional capital at scale
• Higher income potential than many public fixed-income markets
