Delray, Detroit, 2010. This is the city where RealT bought cheap houses and sold them in slices on the blockchain. Source: Notorious4life, Public domain
While some were selling tokens with nothing behind them, Wall Street took up tokens with everything behind them. The industry called this the tokenization of real-world assets, RWA, and promised that soon houses, bonds, paintings, shares in private companies and generally everything worth anything would be on the blockchain, and anyone would be able to buy a piece of a skyscraper for $10 without leaving home. In 2022 consultants at Boston Consulting Group, together with the Singapore platform ADDX, calculated that by 2030 there would be $16 trillion of tokenized assets, a tenth of world output. In 2025 the forecast was quietly cut almost in half. The same dream had been sold to their buyers in 2017 by Bankex and LATOKEN, and even earlier, in 2012, the creators of colored coins had dreamed it.
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A Box with a Ticker — Nobody Owns Money | Mike Fluff
