Everything on Asset Class Evolution

Tokenized real-world assets are reducing the cyclicality of on-chain trading volumes. This provides a more stable fee base for DeFi protocols, making them less dependent on speculative crypto-native activity.

Impact: DeFi protocols with exposure to RWA trading are likely to exhibit lower volatility and more predictable revenue streams, making them more attractive to institutional investors.

— from Crypto Payback Era: Capital Discipline Meets Demand · The Milk Road Show· Oct 22, 2026

Tokenization is the key mechanism for unlocking liquidity in the $700 trillion global fiat asset base, which is currently largely illiquid. This process transforms dormant assets into tradable digital instruments.

Impact: The financialization of real-world assets through tokenization will significantly expand the addressable market for crypto, creating new revenue streams for platforms and investors.

— from AI Agents and Tokenization Drive Crypto Bull Market · The Milk Road Show· Sep 09, 2026