Tokenization of real-world assets (RWAS) reached a record high in 2025 driven by institutional demand for US dollar yield products. According to Michele Crivelli, founder and chief sales officer of Digital Asset Isser Nexbridge, as technical barriers to RWA continue to erode, products that require continuous verification, such as gold reserves, are There is a very high chance that you will find a home on the blockchain soon.
In an interview with Cointelegraph, Crivelli explained why Treasurys and other fixed income devices in the US are the biggest targets of tokenization.
“These assets provide stability, transparency and well-defined yields,” Crivelli said. “There is a strong demand for dominant equipment in the dollar for a variety of reasons, including the need to combat inflation in certain regions and maintain purchasing power in countries that are not directly accessible. [US dollar] Currency or investment. ”
The tokenized bond market reached nearly $3.7 billion. sauce: rwa.xyz
Tokenization of Treasury bonds is a natural first step in what Kleibery calls a “small knowledgeable niche.”
However, it is only a matter of time before more assets are tokenized.
“U.S. Treasury bills, money and other products are key candidates for tokenization thanks to the potential to reduce correlation with traditional markets,” Crivelli said.
“There are a variety of tokenization models, some replicate financial instruments related to gold, while others directly represent physical bullion,” he said.
Increases anxiety about US gold reserves
Elon Musk's government efficiency (DOGE) seeks to reduce wasteful spending and increase transparency in US federal agencies, so tokenization of real-world assets like gold assumes a new importance .
Musk proposes using blockchain technology to track federal spending. This is a move supported by Coinbase CEO Brian Armstrong.
There has been growing concern over federal gold reserves since Zerohedge reminded Musk that Kentucky's deposits have not been audited for more than 50 years.
“Is that certainly reviewed at least every year?” Musk asked.
sauce: Zero hedge
In response, Senator Rand Paul has Called Doge will investigate the situation of Fort Knox's 4,600 tonnes of gold.
According to Crivelli, blockchain technology can make these issues obsolete. Tokenizing bullion on the blockchain could improve the security and transparency of gold reserves, he said, and could allow for “continuous verification of gold ownership.”
In the meantime, Polymarket's Betters says there is a 50% chance that Doge will audit Fort Knox Gold reserves by May this year.
It increases the likelihood of a Fort Knox audit. sauce: Polymate
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