Tokenize everything? Sure. But here's the liquidity trap nobody talks about.
Think of it like this: You've got $100M wanting to trade tokenized $KO (Coca-Cola).
Scenario A: All $100M in one pool
→ Deep liquidity, tight spreads, easy $5M exit
Scenario B: Fragmented across chains
→ $ETH: $30M
→ $SOL: $25M
→ $BNB: $20M
→ Others: $25M
Now you're holding the Solana version but can't tap into that $30M sitting on Ethereum. Your exit just got messy.
This is the real issue with multi-chain RWAs. Total capital might be massive, but if it's not WHERE you need it, you're trading in a kiddie pool.
Bridges help, but they add friction, fees, and risk. Until we solve cross-chain liquidity aggregation at scale, tokenized assets will keep bleeding efficiency.
Macro takeaway: Liquidity depth > liquidity breadth. One deep pool beats five shallow ones every time.
Think of it like this: You've got $100M wanting to trade tokenized $KO (Coca-Cola).
Scenario A: All $100M in one pool
→ Deep liquidity, tight spreads, easy $5M exit
Scenario B: Fragmented across chains
→ $ETH: $30M
→ $SOL: $25M
→ $BNB: $20M
→ Others: $25M
Now you're holding the Solana version but can't tap into that $30M sitting on Ethereum. Your exit just got messy.
This is the real issue with multi-chain RWAs. Total capital might be massive, but if it's not WHERE you need it, you're trading in a kiddie pool.
Bridges help, but they add friction, fees, and risk. Until we solve cross-chain liquidity aggregation at scale, tokenized assets will keep bleeding efficiency.
Macro takeaway: Liquidity depth > liquidity breadth. One deep pool beats five shallow ones every time.