Institutions fuel tokenized RWA boom as retail looks set to follow suit From treasuries and funds today to equities and private assets tomorrow. Feb 11, 2026, 3:21 a.m. Industry leaders discussed demand for tokenized real world assets (RWA) during a Consensus Hong Kong 2026 panel featuring Evan Auyang (group president at Animoca Brands), Christian Rau (senior vice president digital assets and blockchain at Mastercard), Nicola White (VP of crypto institutions, Robinhood), and moderator Marcin Kazmierczak (co-founder, RedStone). The panel echoed BlackRock COO Rob Goldstein’s bold claim: Digital ledgers are the most exciting development in finance since double-entry bookkeeping 700 years ago. STORY CONTINUES BELOW Today, tokenized real-world assets (RWAs) remain firmly institutional territory. Demand centers on tokenized money market funds, U.S. Treasuries, stablecoin integrations, and collateral optimization products like BlackRock’s BUIDL and offerings from Robinhood/Bitstamp highlight the trend. Retail participation lags, with few attendees raising hands to confirm holding tokenized RWAs in their wallets. Panelists pointed to Europe’s clear regulations as a launchpad for tokenized listed equities, while private credit, real estate, art, and private equity show strong future potential especially as companies stay private longer and demand for fractional, 24/7 access grows. The consensus: RWAs have moved from hype to real utility for institutions. The next wave mainstream retail onboarding could unlock trillions in illiquid markets once barriers fall. More For You Solana's Lily Liu champions internet capital markets at Consensus Hong Kong 2026 31 minutes ago Fireside chat with Michael Lau spotlights finance focus, Asia's centrality, and revenue-driven growth What to know: Blockchain's finance-first reality , Liu rejects broad "web3" experiments, insisting blockchains excel at open, tokenized capital markets to democratize global asset access and formation. Asia as crypto's true home, With historical Bitcoin leadership and massive scale, the region is viewed as the core market; Solana serves as neutral infrastructure for billions of internet users. Read full story