WOO X Co-Founder Highlights Crypto Trends and BSC Challenges
Jack Tan, co-founder of WOO X, shared insights on the evolving crypto landscape. He emphasized the growth of real-world assets (RWAs) and the challenges faced by the binance Smart Chain (BSC) ecosystem.
Tan noted the rapid adoption of RWAs, predicting the sector could hit $16.1 trillion by 2030. “this highlights the potential of asset tokenization,” he said. projects like ONDO,LINK,MKR,and PLUME are poised to benefit as the RWA sector matures.
Institutional interest is also on the rise. BlackRock’s BUIDL fund, as an exmaple, has surged from $100 million in march 2024 to over $1 billion. This fund now holds 30% of the tokenized U.S. Treasuries market.
RWAs are expanding into new areas. Ondo Finance partnered with Mastercard to integrate its OUSG bond fund into Mastercard’s Multi-Token network. This move allows crypto payments to interact with conventional finance.
Coinbase is reportedly working with Backed to launch tokenized stocks like “wbCOIN” on its Base network. These developments show growing institutional confidence in blockchain-based finance.
Tho, the BSC ecosystem faces challenges. Projects like MUBARAK and PALU have seen increased liquidity. But investor confidence was shaken after crypto influencer Wolfy_XBT was accused of causing panic by selling BNB Card-related tokens.
As RWAs gain traction and markets respond to macroeconomic shifts, Tan believes projects like ONDO, LINK, MKR, and PLUME are well-positioned to capitalize on the evolving landscape.
