IPOs & ETFs will be the next tokenized assets, but real estate & mortgages are also possible

00:00 Speaker A

What’s the next wave of assets that we’re going to see tokenized and that will be exceptionally popular in my view. What’s your road map? What are you tokenizing next?

00:11 Speaker B

I think you’ve mentioned IPOs. That’s a that’s a very interesting thing. There was a fail attempt to tokenize an IPO recently, as you know, with the SpaceX where people were claiming that uh they were going to give you access to the IPO. I think that there is a way to do it the right way, uh working with the actual underwriters. We we are a broker dealer that can be part of the of the selling syndicate and we have uh, you know, custody and clearing capabilities. So we’re very excited about

00:43 Speaker B

starting bringing uh real IPOs uh on chain where people can participate from the crypto wallets the same way that five years ago, Robin Hood pioneered the retail ones. And then, you know, more equities and ETFs. Uh ETFs is something still not uh, you know, in a regulatory way done there, but I believe that this is uh coming soon and that will be like a massive market.

01:21 Speaker A

How about real estate and, you know, mortgages and car titles and things like that that we’ve had sort of discussed in previous cycles of of crypto before RWA tokenization was really, really becoming a real thing.

01:46 Speaker B

We’ve just started uh scratching the surface on on real estate. There is different things you could tokenize in the real estate world. You could tokenize the loans of the uh of the development, which is what we’re doing currently. Um so it’s kind of indirect exposure to to real estate. I think tokenizing like small individual properties, we’re still long ways to do that because it’s, you know, complex and it will be a very illiquid asset. Mortgages on the other hand are very interesting. I think, you know, figure is already, you know, doing a lot of stuff there and we’re also looking at entering that space. We think that mortgages are at a good high yield asset that is pretty safe that could actually work very well with defi as a collateral for lending protocols.