Josh | Innovatoor🛠️

👨‍💻 Head of BD & Product @Mantle_Official | DeFI & TradFi connoisseur | Ex-@ParityTech Ex-@Citi | 📚 @Cambridge_Uni | | Follow for insights 👇

[Josh | Innovatoor🛠️ @joshuacheong]

Truly honored to share our progress with some of the largest companies in the world. From pre-funding to post trade settlement is a key unlock that honestly I found value on the stage in discussion. I should do these panels more often...

[Digital Asset Summit 2026 @blockworksDAS]

Unlocking Tokenized Equities at Institutional Scale
with @arush @joshuacheong @TFGolden @wassielawyer @jchervinsky

DAS Asia 2026 Mainstage

[Josh | Innovatoor🛠️ @joshuacheong]

@superalesha @grok what about etc 3080? Do they get the benefits?

[Josh | Innovatoor🛠️ @joshuacheong]

@liamihorne @Mudit__Gupta Second this

[Josh | Innovatoor🛠️ @joshuacheong]

@Mudit__Gupta @grok what is the root cause behind these vulnerabilities and is it a sudden emergence of an AI model that led to this? Do some causality analysis

[Josh | Innovatoor🛠️ @joshuacheong]

@Yung_Spielburg get that finishing medal sir when you go ALL-IN

[Josh | Innovatoor🛠️ @joshuacheong]

@William88Crypto Yes check out Strata - clear evidence that local inference using consumer hardware can start serving the flash models which basic software development can reply on

[Josh | Innovatoor🛠️ @joshuacheong]

Interesting stuff. Looks like Nvidia's acquisition of Hugging Face has a strategy to make local AI and serving local part of their hedge on the future of the great transition when companies like OpenAI and Anthropic starts charging more for their services.

[Mia @MiaAI_lab]

NVIDIA released an interesting new FP4 quant of Qwen3.8 Flash Next. Per its model card, it loses almost nothing vs BF16.

I'll check this one out.

https://t.co/IUC3cX47TJ

[Josh | Innovatoor🛠️ @joshuacheong]

https://t.co/VDX1EjOIJv

Calm down sir, Singapore definitely knows how to use the stick and they invest heavily in it. I believe that's why the nation has so much investment in national defense and uses it as deterrence because, honestly, that's the best policy: to never act if we don't need to.

That being said, check out the above video. I think even if there are no situations where companies have been bad actors, fires will still occur. The problem with these fires is that they are deep underground. Even if it's a situation of accident, which can actually happen, or even if you police everything, there will still be one guy that might light a fire. All it takes is one to make this never-ending stream of burning of underground peat. The key issue is that the swampy ground becomes dry and this is either a weather situation or a structural situation where water has been drained off. I think that's the bigger issue at play. And if this is just natural forces of weather every year, then I don't know how you can resolve this.

Physically a lot of these things are impossible to stop. You are trying to stop a minority-based assumption of just one guy igniting a field and deterrence doesn't really work in this case. It's like the same situation as trying to deploy an army to stop terrorism. It doesn't work.

[Josh | Innovatoor🛠️ @joshuacheong]

@hxxntrr @grok verify

[Talking Tokens Podcast @_TalkingTokens]

Today's episode with @joshuacheong, Head of BD and Product at @Mantle_Official, dives into:

- What banks and asset managers want from onchain finance
- Why tokenized equities are gaining traction while tokenized real estate has struggled
- How stablecoins are becoming an increasingly important payment channel

TIMESTAMPS
00:00 Introduction Josh Cheong
00:36 The Current State of RWA Tokenization
01:28 Is the Infrastructure Phase Almost Over?
02:24 Why Distribution Is the Next Challenge
03:08 Bringing Institutional Assets Onchain
04:49 What Asset Managers Actually Need
05:08 Two Ways Tokenization Creates Value
06:05 Faster Settlement and Capital Efficiency
07:03 Lessons From Citi and Traditional Banking
08:51 Are Banks Finally Adopting Blockchain?
09:15 Why Stablecoins Matter to Banks
09:52 What's Slowing Institutional Adoption?
11:21 What Assets Are Worth Tokenizing?
11:50 Why Tokenized Equities Are Gaining Momentum
13:14 Who Will Win the Tokenization Market?
13:38 Why Distribution Matters More Than Ever
14:34 Mantle, Bybit and the Distribution Advantage
15:30 What Institutions Actually Want
16:32 Why Tokenized Real Estate Is Lagging
17:22 The Next Major Milestone for RWAs

Watch below or on X:

[Josh | Innovatoor🛠️ @joshuacheong]

@hollyyy Still here singing 😆

[Josh | Innovatoor🛠️ @joshuacheong]

There's always the alternative, which is cheaper and cleaner, and you can bring your wife! Check out Cash Studio! Happy Friday 😄

[Cecilia Hsueh @cecilia_hsueh]

If you’re doing business in Asia, there’s one culture you cannot avoid: KTV.

And no, I’m not talking about regular karaoke. I’m talking about private rooms where you and your clients drink, sing, and pay for girls (or guys) to keep you company.

China, Japan, Korea, Taiwan, Thailand… different versions of the same thing. And if you can’t play along, you might find yourself left out of some pretty important business meetings. 🤷🏻‍♀️

If you didn’t grow up here, your first experience can be a real culture shock.

The mamasan walks in with a lineup, asks you to pick, and suddenly you’re sitting there with someone awkwardly, not knowing where to look or what to do.

I got dragged into a few of these KTV nights in Singapore last week, and here’s my little survival hack that has never failed:

Always pick the one who LOVES singing.

Seriously. Find the girl or guy who’s genuinely obsessed with the microphone.

They’ll happily sing all night. Duets with your business partners, solo performances, fighting for the mic… they’ll basically entertain themselves for hours.

Meanwhile, you don’t have to make small talk, flirt, or keep drinking with someone you barely know.

You fit right in, your business partner think you belong, your companion is having the time of their life, and you survive the entire night without a single awkward moment.

Everybody wins. You’re welcome.

[Josh | Innovatoor🛠️ @joshuacheong]

@Mantle_Official Community art has got to be the biggest win here. Looks amazing. haha

[Josh | Innovatoor🛠️ @joshuacheong]

@Bybit_Official Because central banks are buying.

[SINGAPORE BLOCKCHAIN WEEK (OFFICIAL) @SingaporeBWeek]

How do Ethereum L2s support the next generation of financial services?

Joshua Cheong (@joshuacheong), Head of Product and Growth at Mantle (@Mantle_Official), is bringing the builder's perspective on this to Singapore at SBW 2026.

13–17 Nov 2026 | Singapore & Johor–Singapore SEZ

Visit https://t.co/NM6Ga5UAKH for more information about the event.

[Mantle @Mantle_Official]

"Trillions will be tokenized" is easy to say.

It's not even far-fetched, but few can tell you what it takes.

@joshuacheong at @blockworksDAS with top leaders from @HyperliquidX, @AlpacaHQ, and more on what scales tokenized assets from billions to trillions:

→ Today's funding model behind tokenized products caps how many real assets come onchain, and how fast.
→ User demand changes that, with leveraged RWA exposure bringing more onchain liquidity that funds new issuance.
→ Better infrastructure drives capital costs down to meet rising user demand, powering the next phase of growth.

When the two converge, trillions will follow, and Mantle is the infrastructure they'll run on.

[Josh | Innovatoor🛠️ @joshuacheong]

Spent an enjoyable time with @jacqmelinek on all things RWA and the future of adoption, interview video to come soon!

[Jacquelyn Melinek @jacqmelinek]

Just did a great recording at Mantle’s RWA Day with @joshuacheong, head of product at @Mantle_Official diving into:

- Insights from private convos with banks and asset managers about what they actually want to do onchain
- The “gold rush” for tokenized equities
- What it will take for RWAs to cross the chasm

@_TalkingTokens interview coming soon 🤫

[Josh | Innovatoor🛠️ @joshuacheong]

@Gem3a @grok any solutions?

[arndxt @arndxt_xo]

in the depths of the bear, you will never another network cooking up such stats:

→ $476M+ in distributed RWA value, up 110% in just 30 days
→ 1,473 tokenized assets, up from just 71 at the start of 2026
→ 96% of RWA value is yield-bearing
→ 50%+ sits in active strategies
→ ~49.5% of Openstock’s first-day pre-IPO vault deposits came from Mantle

underneath it all is probably one of the strongest distribution layers in crypto: @xStocksFi is plugged directly into Mantle’s AMM + Atomic RFQ infrastructure, while @Mantle_Official close integration with Bybit gives these assets a direct bridge between CEX distribution and onchain liquidity.

this is increasingly what separates $MNT from chains that simply tokenize RWAs

the assets actually have somewhere to go and something to do

(credits again to @joshuacheong)

[Josh | Innovatoor🛠️ @joshuacheong]

@arndxt_xo Well thanks again. Great summary. 🙏