Tag: market fragmentation

Crypto Can’t Afford To Wait For Perfect Regulation

The post Crypto Cant Afford To Wait For Perfect Regulation appeared com. Opinion by: Kevin de Patoul, co-founder and CEO of Keyrock Theres a certain deja vu in crypto right now. Real-world assets (RWAs), tokenized funds and onchain treasuries are all buzzwords weve spoken about for years. In 2022, when hype far outpaced real adoption, a report by BCG projected that the total size of tokenized assets could reach $16 trillion by 2030. The current market cap is sitting at $50 billion in 2025. This time, it feels slightly different, and its not just because giants like BlackRock are launching tokenized money market funds or Circles USDC becoming the de facto settlement layer for Treasury bonds onchain. Its because the narrative has finally collided with reality: real businesses, real cash flows and real compliance. Yet, despite all of this momentum, one thing still drags the industry to the brink of regression: the pursuit of an idealized regulatory framework. Progress requires iteration, not perfection The future of finance is digital. Every asset class, from bonds to real estate, will eventually exist in a tokenized form, and when it does, it has to offer much more than a mere digital replica. Digitization will mean faster, cheaper, and more accessible markets. None of that matters if institutions cant allocate capital at scale. Institutions are, and always will be, allergic to uncertainty. The problem isnt that regulators havent acted. Its that the current approach prioritizes theoretical completeness over practical clarity. Related: Stablecoin laws arent aligned and big fish benefit Universal frameworks, seamless cross-border rules and global harmonization sound good on paper. In practice, however, theyve led to paralysis. People talk about TradFi having a global regime. but its unclear if thats strictly true. Basel III in Europe is not the same as banking rules in the US. Crypto isnt uniquely splintered. Global finance, in general, is.