Tokenizing an asset doesn't inherently make it a better product." Institutions value a Treasury for more than its coupon. It can be repo'd overnight, posted as margin, stripped…
Original source excerpt
"Tokenizing an asset doesn't inherently make it a better product." Institutions value a Treasury for more than its coupon. It can be repo'd overnight, posted as margin, stripped into zero-coupon bond…
"Tokenizing an asset doesn't inherently make it a better product." Institutions value a Treasury for more than its coupon. It can be repo'd overnight, posted as margin, stripped into zero-coupon bonds or swapped against a floating rate, and decades of market plumbing sit behind each of those uses. That plumbing is a big part of why Treasuries anchor the rest of the financial system. Tokenized assets will need their own version before they matter at that scale - the same plumbing that Pendle is establishing onchain. Catch @defisebs from @Grayscale on a deep dive into the future of tokenized assets in the latest Pendle RWA Insights 👇
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