Tokenized assets still lack institutional backing, Chris Yin said, who believes the real-world asset market is much smaller than current estimates suggest.
Amid the intensifying global race to tokenize real-world assets, the market is still too nascent for institutional adoption, according to Chris Yin, the co-founder and CEO of Galaxy-backed RWA platform Plume.
Institutional capital is yet to enter the RWA market, and it will take some time for institutions to see its value, Yin told Cointelegraph on the sidelines of Token2049 in Dubai.
“These things move incredibly slowly, you have to show value, you have to show adoption first,” Yin said, comparing RWA’s currently developing stages with the early days of Bitcoin (BTC) and stablecoins.
