Crypto’s Next Frontier: How Ownership and Real-World Assets Break the Extraction Economy

The old guard of finance squeezes value from users—crypto flips the script. Decentralized ownership models and tokenized RWAs (real-world assets) aren’t just buzzwords; they’re dismantling the rent-seeking machinery Wall Street built.

Forget middlemen skimming profits—blockchain cuts them out cold. Want proof? Look at the surge in RWA protocols locking billions while traditional banks still charge you $35 for a bounced check.

This isn’t utopian idealism. It’s math. Transparent ledgers don’t lie, and neither do the yields—real assets, real ownership, zero tolerance for extraction-as-a-service.

Sure, the suits will mock until they can’t ignore the balance sheets. By then? The revolution won’t need their permission.

The information advantage

A LIBRA’s scandal demonstrates this perfectly. Launched with initial, albeit later retracted, endorsement from Argentine President Javier Milei, LIBRA eventually collapsed and approximately 44,000 individuals lost $251M collectively, on-chain data from Nansen Research indicated. Research also showed that Jupiter Exchange knew about the project two weeks before the public launch. Portnoy reported being offered $30M to promote it. Every successful launch follows a consistent pattern:

• Inner circle: Developers and initial investors with complete launch information
• Connected players: Key opinion leaders who receive early information while often telling followers to “stay locked in”
• Technical participants: Users with specialized tools like sniper bots and bundler connections
• General public: Retail investors who typically gain access last, often buying near local price peaks

The RWA alternative

RWAs operate on fundamentally different principles. Their returns derive from asset productivity, not information advantages:

• Tokenized real estate generates rental income regardless of token trading.
• Infrastructure assets produce revenue through operations.
• IP creates royalty streams independent of market fluctuations.

The critical difference is that memecoins derive value solely from what future buyers will pay; RWAs derive value from what the underlying assets produce. This enables a positive-sum model. If assets perform well, all participants potentially benefit.

RWAs’ most transformative aspect is democratizing access to productive assets previously limited to institutions and the wealthy. Blockchain solves key limitations:

• Fractional ownership reduces minimums from millions to hundreds.
• Global access eliminates geographic restrictions.
• Programmable compliance streamlines regulatory requirements.
• Continuous markets improve liquidity for traditionally illiquid assets.

The access revolution

Information-advantage systems face structural limitations. Market cycles deplete willing participants as losers rarely return. Meanwhile, extraction infrastructure grows more sophisticated as the participant base shrinks.

RWAs face different challenges: regulatory compliance, reliable oracles, custody solutions, and market development. But they connect to assets producing value independent of blockchain itself.

Both systems will coexist. As BlackRock’s Fink noted, tokenizing real-world assets isn’t about eliminating speculation but improving how productive assets operate and who can access them.

The infrastructure for RWAs has reached the necessary technical threshold for trillion-dollar markets. What remains critical is distribution—connecting these assets with investors.

Jose Pereira is the executive director of Own, a blockchain built for tokenizing real-world assets, developed by Fasset. Before joining Own, Jose was a partner at Caerus.