In order to take our industry to $350 trillion, "you have to work with the people that will define how that value will flow into our industry."
@SergeyNazarov in Washington, D.C. ↓
I am increasingly convinced that the RWA trend is the early stages of getting the traditional financial system onto blockchains in a way that we have not seen yet.
Some of the world's largest financial institutions are already putting tokenized funds on-chain, and I think we are just at the very early stages of this trend. Chainlink already powers many of the top RWAs and the need for both data and cross-chain working in one system is even greater here than it initially was in DeFi. There will also be tokenization platforms, which integrate the highly secure and widely adopted Chainlink data and cross-chain standards to power various key aspects of RWA tokenization e.g. Fireblocks collaboration https://t.co/Vv3A4tz6T8
The trillions of dollars in value that will flow into the RWA format makes it something that I see as likely to surpass the market capitalization of cryptocurrencies. Our industry may sometime soon be defined by RWAs more than it is by cryptocurrencies, similarly to how the internet was at one point about email, but then went on to be defined by more uses of information technology e.g. ecommerce. The influx of value into the blockchain format/RWAs will also feed a boom in DeFi, where many of those assets will be placed to generate greater yield.
Slides: https://t.co/puiCKBU7p4
Video: https://t.co/KrJhXPh3FA
"Chainlink is just an oracle"
What started as a single ETH/USD Price Feed has since expanded into a fully-featured platform of services
There are now 1,000+ #Chainlink oracle networks that span external data, offchain compute, and cross-chain interoperability
A thread 🧵