Christopher Perkins, president of CoinFund, asserts that real-world asset (RWA) tokens represent a transformative financial wrapper similar to exchange-traded funds (ETFs) which emerged in 1993. RWA tokens can democratize investor access to financial markets typically barred to retail traders, addressing the information asymmetry that excludes them from private placements. Perkins notes that approximately 81% of companies in the US with over $100 million in revenue are privately held, limiting opportunities for ordinary investors. He highlights that while the private company market is expanding, public markets are struggling, with a significant decline in the number of public companies since the 1990s. Despite ongoing growth in private companies, retail investors remain largely excluded. Perkins emphasizes the need for innovations like RWAs to increase capital velocity and improve access to global capital markets. The article also mentions Robinhood's recent foray into tokenized equities, distributing private equity tokens tied to companies like OpenAI and SpaceX, although such tokens do not confer ownership or voting rights.

Source đź”—