Tokenized public securities: reports and what next?
Since the last mail, the tokenized public securities have continue to rise steadily and are now reaching $300M on EVM chains. As always you can find more detail on our Dune dashboard.
Two great in-depth analysis
Moreover, two great piece of content where published on the topic which are going deep on the products. TLDR; There is a wide range of products that cater to almost every possible facts and circonstances.
What next?
Having the pleasure to discuss the matter with plenty of people during EthCC last week, the next step seems very clear.
In my view, it’s about two things:
Having on-chain liquidity (necessary for liquidations)
MatrixDock has it on Curve
Having those collaterals on lending protocols
We are still early days as none have both components. Also no simple permissionless stablecoin is providing access to this yield (DAI of MakerDAO is the closest, fUSDC could probably be rebased as a stablecoin). We can also clearly expect perp platform using a tokenized t-bill collateral instead of simple non yielding stablecoins.
People are building, it’s sadly taking time. And people are even taking longer time to get used to those new products.
Onward