Tokenizing a real-world asset is only the beginning.

The more interesting question is what you can actually do with it once it's on-chain.

TermMax's current RWA Season gives a pretty practical example.

Ondo stock tokens can be used as collateral to borrow USDT on BNB Chain.

And on the other side, users can lend USDT into those markets.

So the structure becomes:

RWA → collateral → credit market

That is a much bigger idea than simply putting a tokenized stock into a wallet.

Once an asset becomes usable collateral, it can become part of an actual financial market.

And that's where I think RWA gets interesting.

Not:

“Can we tokenize this asset?”

But:

“What can the asset do after it is tokenized?”

TermMax is experimenting with one possible answer: fixed-term borrowing and lending around tokenized assets.

#termmax @TermMax