RWA doesn't need another token. It needs credit.
I've been thinking about this a lot lately.
We keep talking about putting stocks, bonds and other real-world assets onchain. But tokenizing an asset is only useful if you can actually do something with it afterward.
If a tokenized stock just sits in your wallet, what really changed?
The interesting part is when you can use that asset as collateral, borrow against it, and get liquidity without having to sell the underlying asset.
That's the part of @TermMax I'm paying attention to.
TermMax is already exploring this with tokenized stocks on BNB Chain. And I think this is where the RWA story starts getting more practical.
You don't just need the asset onchain.
You need a credit market around it.
TMX is entering a pretty interesting period with the August 25 TGE. I'm less interested in the launch-day hype and more interested in what the market looks like after that.
Does liquidity grow?
Do people actually borrow against these assets?
Does RWA become a meaningful part of TermMax?
If those numbers move in the right direction, that's when I'd start looking at TMX with a longer-term mindset.
The token is easy to launch.
Building a credit market people actually use is the hard part.
#TermMax
What would make you hold TMX long term?