{"id":126795,"date":"2025-04-09T12:16:04","date_gmt":"2025-04-09T12:16:04","guid":{"rendered":"http:\/\/cryptospotters.net\/?p=126795"},"modified":"2025-04-09T12:16:04","modified_gmt":"2025-04-09T12:16:04","slug":"real-estate-not-the-best-asset-for-rwa-tokenization-michael-sonnenshein","status":"publish","type":"post","link":"http:\/\/cryptospotters.net\/?p=126795","title":{"rendered":"Real estate not the best asset for RWA tokenization \u2014 Michael Sonnenshein"},"content":{"rendered":"<p>Source: Cointelegraph.com NewsAs more institutions explore blockchain-based finance, some industry leaders say tokenized real-world assets (RWAs) may surpass $30 trillion by the 2030s. Others are casting doubt on that projection.<br \/>\nIn June 2024, Standard Chartered Bank and Synpulse predicted that RWAs may reach over $30 trillion by 2034. The narrative remained strong in the latter part of 2024, with some analysts expressing similar sentiments.<br \/>\nAt Paris Blockchain Week 2025, a panel moderated by Cointelegraph\u2019s managing editor, Gareth Jenkinson, brought together executives from across the tokenization ecosystem to discuss the future of RWAs. Participants included Charles Adkins of Hedera, Dotun Rominiyi from the London Stock Exchange, Shy Datika of INX, Steven Gaertner of Tiamonds and Securitize chief operating officer Michael Sonnenshein.<br \/>\nWhile the majority supported the $30 trillion estimate, Sonnenshein expressed skepticism.<br \/>\nThe Truth Behind Tokenization and RWA panel. Source: Paris Blockchain WeekSecuritize exec predicts a more conservative trajectory for RWAs<br \/>\nSonnenshein, a former CEO of Grayscale Investments, said tokenized assets may not reach the $30 trillion mark. He argued that there are many \u201cgood systems\u201d in place that already work for traditional assets:<br \/>\n\u201cI have to just say, at the moment there obviously are some really good systems in place that allow some of these assets to trade. So, just because it can be tokenized doesn\u2019t mean that it should be. And so, I\u2019ll take the under on the $30 trillion number.\u201d<br \/>\nDespite being an outlier in his predictions, Sonnenshein said he\u2019s still bullish on RWAs, adding that his sentiment \u201cdoesn\u2019t mean that tokenization isn\u2019t here to stay.\u201d\u00a0<br \/>\nSonnenshein said that the space will still see a major explosion of investors who will see their wallets as not just a place for crypto speculation but also a \u201cplace that actually houses investments of theirs the way their brokerage accounts or investment accounts would as well.\u201d<br \/>\nRelated: BlackRock\u2019s BUIDL expands to Solana as tokenized money market fund nears $2B<br \/>\nTokenization doesn\u2019t \u201ctranslate well\u201d to representing real estate ownership<br \/>\nSonnenshein also questioned the viability of real estate as a primary use case for RWAs.<br \/>\nIn the United Arab Emirates, government agencies have made moves to link tokenization with real estate. In January, local real estate developer Damac signed a $1 billion deal with RWA blockchain Mantra to tokenize real estate in the UAE.\u00a0<br \/>\nWhile some put their money on tokenized real estate, Sonnenshein cast doubt on the idea. \u201cI\u2019ll be the controversial one up here and just say I don\u2019t think tokenization should have its eyes directly set on real estate,\u201d he said during the panel.\u00a0<br \/>\nWhile the executive recognized the benefits of tokenizing real estate, he argued that this doesn\u2019t translate well to representing ownership.\u00a0<br \/>\n\u201cI\u2019m sure there are all kinds of efficiencies that can be unlocked using blockchain technology to eliminate middlemen and escrow and all kinds of things in real estate. But I think today, what the onchain economy is demanding are more liquid assets,\u201d he added.\u00a0<br \/>\nMagazine: New \u2018MemeStrategy\u2019 Bitcoin firm by 9GAG, jailed CEO\u2019s $3.5M bonus: Asia Express<a href=\"https:\/\/cointelegraph.com\/news\/rwa-tokenization-panel-paris-blockchain-week-2025?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound\" target=\"_blank\" class=\"feedzy-rss-link-icon\" rel=\"noopener\">Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>Source: Cointelegraph.com NewsAs more institutions explore blockchain-based finance, some industry leaders say tokenized real-world assets (RWAs) may surpass $30 trillion by the 2030s. Others are casting doubt on that projection.&hellip; <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126795"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=126795"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/126795\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=126795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=126795"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=126795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}