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40 sats \ 1 reply \ @freetx 13h \ parent \ on: Tokenization of RWA is an Unstoppable ‘freight train’ Coming to Major Markets Stacker_Stocks
I think it is stupid and inherently risky but I do see the use case
element of truth there, but its less stupid than the DTCC - which is itself just a rudimentary "tokenization" scheme (ie real shares are deposited into DTCC and you get a 'claim token' against them deposited into your brokerage account).
The simple fact of having no visibility into the DTCC makes me think there must be massive fraud going on....how many shares have they re-hypothecated?
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21 sats \ 0 replies \ @grayruby 13h
Agree but DTCC is owned by the institutions that use it which incentivizes them to make sure it doesn’t fail.
Whereas onchain any bullshit crypto entity can say they are custodying RWA and issue tokens out of thin air. There might be more transparency in the tokens but not the underlying.
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