Wall Street’s tokenization boom has a liquidity problem: Axis CEO

As RWAs cross $32 billion and JPMorgan files for a new tokenized fund, Axis CEO Chris Kim argues that the industry is celebrating the wrong milestone.

Real-world assets (RWA) crossed $32 billion in market value for the first time on Tuesday, as Wall Street’s love affair with tokenization continues to accelerate.

JPMorgan was the latest to double down on its interest through a filing with the Securities and Exchange Commission for a new tokenized money-market fund for stablecoin issuers on Ethereum.

Not everyone is impressed by the big names and numbers.

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