Chainlink (LINK) creator Sergey Nazarov claims that traditional finance (TradFi) will flood the real-world crypto asset (RWA) sector with trillions of dollars.
In a new speech at the TOKEN2049 conference in Singapore, Nazarov says TradFi will ultimately be the largest client of decentralized finance (DeFi).
Nazarov says he expects RWA to surpass all other crypto assets in terms of market capitalization by creating an environment for TradFi money to come into the blockchain industry.
“This is actually a new net value coming from the traditional market, not in the hundreds of billions, but in the trillions. This is the next step for our industry as a whole, and I personally believe that the trend of real-world assets and the real-world asset class will surpass, relatively soon in the next few years, the total value of cryptocurrencies.
And then, by definition, our industry, in terms of numbers, is not going to be focused on cryptocurrencies, it’s going to be focused on blockchain technology that enables things like real-world assets. And that’s what the blockchain industry is going to be.
So that’s the kind of world that I think we should all be preparing for, and that the Chainlink ecosystem is working towards, both in enabling DeFi to grow and be secure and reach the level of reliability and guarantees that the DeFi community and the TradFi community need, and in enabling the value of the TradFi community to flow across blockchains and into the DeFi ecosystem eventually.
If all goes according to plan, the cross-chain interoperability protocol (CCIP) will become one of the key protocols of the Internet, what we call the Internet of Contracts and the Internet of Value. Indeed, CCIP is fundamentally the data and value transport mechanism by which that data and value flow into and across all of these chains.
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