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caudena | 8 months ago
That said, we absolutely believe that blockchain and cryptocurrency will shape the future of the financial system. When you look beyond the noise of scam tokens, speculative NFTs, and high-profile scandals, there is significant and meaningful financial innovation happening. This extends beyond DeFi to include the tokenization of RWA, where major institutions like BlackRock and JPM Chase are actively exploring and implementing blockchain-based solutions. Numerous projects are driving real progress, and there’s a slow but steady movement toward a more decentralized and transparent financial ecosystem.
jnkl|8 months ago
twoodfin|8 months ago
It’d be really great to be able to price predictions for various RWA at a fine grain: “Will IBM be >$240 next Friday at market close?” “Will George Alleline default on his mortgage for 46 Smiley Court?”
But manually creating and marketing these nanosecurities has too much overhead. Traditionally you’d bundle up a bunch of small stuff into a derivative, but that creates a complex instrument that’s hard to price—and then you get a Global Financial Crisis.
Block chains offer the potential to make these kinds of nano trades self-executing at scale.