RWA market seen as database migration, Anndy Lian argues

RWA market seen as database migration, Anndy Lian argues
RWAs seen as database migration

Anndy Lian, industry influencer, questions the notion that real-world assets (RWAs) reaching the trillion-dollar mark represent true innovation in crypto, instead suggesting they resemble a database migration.

Lian's comment points to ongoing skepticism about whether RWA tokenization brings transformative value or simply recreates existing systems on blockchain platforms.

Lian has previously tracked traditional financial markets. On April 28, he reported that major U.S. stock indices fell as markets adjusted ahead of a Federal Reserve meeting. In another note, he highlighted that the S&P 500 and Nasdaq reached all-time highs while the Dow slipped as investors watched for tech earnings and central bank signals.

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