Chainlink (LINK) creator Sergey Nazarov says traditional finance (TradFi) will flood the real-world assets (RWA) crypto sector with trillions of dollars.
In a new speech at the TOKEN2049 conference in Singapore, Nazarov says TradFi will ultimately be the largest customer of decentralized finance (DeFi).
Nazarov says he expects RWAs to overtake all other crypto assets by market capitalization by creating an environment for TradFi money to flow into the blockchain industry.
“It’s really about the net new value coming in from the traditional market, and not in the hundreds of billions, but in the trillions. That is the next phase of our industry as a whole, and I personally believe that the real asset trend and the real asset class will overtake the total value of cryptocurrencies relatively quickly in the coming years.
And then by definition, given the numbers, our industry will not be about cryptocurrencies, but about blockchain technology that enables things like real-world assets. And that is what the blockchain industry will be.
So this is the kind of world that I think we all need to prepare for, and that the Chainlink ecosystem is working towards, by enabling DeFi to both grow and be secure and achieve the kind of level of reliability and guarantees that the DeFi community needs. and that the TradFi community needs, and which ultimately allows the value of the TradFi community to flow into blockchains and into the DeFi ecosystem.
If it works as intended, it will lead to CCIP (cross-chain interoperability protocol) becoming one of the most important protocols of the Internet, what we call the Internet of Contracts and the Internet of Value. Because CCIP is essentially the data and value transport mechanism through which that data and value flows to and between all these chains.”
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