Supply-side mania in tokenization while demand sits on the sidelines.
GSR's take: Every issuer rushing to tokenize private credit & RWAs onchain, but buyers? Not showing up yet.
Classic crypto move — build first, pray for liquidity later. We've seen this movie before with NFTs, GameFi, you name it.
Tokenized credit could be massive IF:
• Yields beat TradFi alternatives
• Liquidity actually exists
• Retail gets access without KYC hell
Right now it's all infrastructure, zero distribution. Watch who solves the demand side — that's where the alpha is.
GSR's take: Every issuer rushing to tokenize private credit & RWAs onchain, but buyers? Not showing up yet.
Classic crypto move — build first, pray for liquidity later. We've seen this movie before with NFTs, GameFi, you name it.
Tokenized credit could be massive IF:
• Yields beat TradFi alternatives
• Liquidity actually exists
• Retail gets access without KYC hell
Right now it's all infrastructure, zero distribution. Watch who solves the demand side — that's where the alpha is.