I still think RWA and AI will be huge over the next few years. The idea of bringing assets like SpaceX, OpenAI, real estate, or other private investments onchain is incredibly powerful. But this case is a good reminder that tokenization doesn't magically solve everything.
‼️ If demand for a tokenized asset becomes much larger than the available real-world supply, questions around liquidity, backing, and transparency start to matter very quickly.
❓ Maybe that's the question investors should be asking more often:
"How is this actually backed?"
The future for RWA still looks very bright. Just don't let a good narrative stop you from looking under the hood.