Wall Street’s tokenization boom has a liquidity problem: Axis CEO
Real-world assets surged past $32 billion as JPMorgan filed for a tokenized money-market fund on Ethereum. However, Axis CEO Chris Kim warns the industry celebrates issuance metrics while ignoring liquidity challenges. Fragmentation across blockchains drains $600 million to $1.3 billion annually, potentially reaching $75 billion by 2030. True market maturity requires seamless interoperability infrastructure, not just asset issuance capacity.
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