Tokenization Emerges as Crypto’s Killer App at DAS London Conference
Stablecoins and tokenization dominated discussions on Day 2 of DAS London, with Algorand Foundation CEO Staci Warden declaring tokenization as cryptocurrency's killer application. The market capitalization of stablecoins—considered the gateway to tokenization—has surged to nearly $300 billion, while tokenized real-world assets (RWAs) now exceed $33 billion, according to RWA.xyz data.
Even traditional financial institutions like Vanguard have explored blockchain technology for years, testing its potential to streamline asset-backed securities markets. Despite widespread recognition of blockchain's benefits, industry leaders like Inversion founder Santiago Roel Santos expressed frustration with the slow pace of large-scale adoption. "I'm tired of pontificating about this technology," Santos remarked during a panel discussion. "It's good, we use it, but someone has to deploy it at scale."
