In today’s financial universe, tokenization, also known as RWA tokens, has become a prominent but often misunderstood and superficially applied phrase.
In an interview with Cointelegraph Brasil, Cássio Krupinsk, CEO of BLOCKBR, identifies a recurring mistake: the simplistic association of tokenization only with the creation of tokens on the blockchain, without considering a solid foundation behind the scenes.
Krupinsk points out how this mentality affected the sector’s credibility, generating projects that were poorly founded and misaligned with financial regulations. He highlights examples, such as football clubs, that used tokens as marketing tools without an operational structure.
Construction companies have also ventured out, using cashback systems or points with blockchain, limiting themselves to traditional policies instead of exploring the potential of tokenization.
The CEO points out that the post-crypto boom euphoria of 2020-2021 led many companies to assume that simply mentioning blockchain technology would solve problems and start a revolution.
However, Krupinsk highlights that the absence of solid foundations resulted in frustrations, but also maturation in the market, separating projects committed to real infrastructure. He emphasizes the introduction of Drex in Brazil, facilitating migration to the digital environment and preparing the market for a genuine revolution.
By highlighting tokenization as a means rather than an end, Krupinsk highlights its ability to transform the market, empowering investors and businesses by eliminating unnecessary intermediaries.
He observes a scenario in which DTVMs and brokers begin to distribute assets, new companies redefine the financial sector and banks make room for fintechs. He observes a scenario in which DTVMs and brokers begin to distribute assets, new companies redefine the financial sector and banks make room for fintechs.
Comparing this revolution with the beginnings of the internet, Krupinsk sees a transition where innovators take advantage of technology to deliver value, while others remain in the hype, without real evolution.
He highlights the limitations of the CVM sandbox, which maintained a centralized structure for two years. Krupinsk emphasizes that tokenization goes beyond the creation of tokens, requiring a solid foundation connecting digital and legacy systems.
Finally, he envisions a process of simplifying tokenization, making it more accessible and empowering those on the margins of the system. For Krupinsk, this is decentralization in action, opening doors to a new horizon in the 21st century financial market. Check out the full interview.
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Cointelegraph Brasil (CT): In recent years, tokenization has become a widely used but often misunderstood term. How do you see this evolution?
Cássio Krupinsk (COM): The word “tokenization” has gained prominence, as many associate it only with the creation of tokens on the blockchain, without considering a solid structure behind it. This damaged the sector’s credibility, resulting in projects that were poorly founded and far from regulatory compliance.
CT: What were the main flaws that you identified in this tokenization adoption process?
CK: Many projects used tokens as advertising pieces, but without structured operations. This limited innovation, leading to frustrating projects and reorganizations. The lack of solid foundations generated unrealistic expectations.
CT: How is tokenization changing the financial market in Brazil?
CK: With the introduction of Drex, tokenization began to dialogue with the legacy system, preparing the market for a revolution. It is transforming the market, training new participants and redesigning the roles of market agents.
CT: Which sectors are being most impacted by tokenization in the country?
CK: Several sectors are benefiting, from financial institutions that now distribute assets to investors’ access to previously restricted opportunities, such as credit rights, real estate and more.
CT: How do you compare this tokenization revolution to the early internet era?
CK: It’s a similar transition, where innovative companies take advantage of the potential of technology, delivering value. Those who do not structure their operations are like someone who writes a letter by hand and attaches it to an email.
CT: How do you see the role of the CVM sandbox in this process?
CK: The sandbox allowed experimentation, but sometimes limited the value generated. It showed that tokenization goes beyond the creation of tokens, requiring a structured foundation for true revolution.
CT: What is the future of tokenization in the Brazilian financial market?
CK: The process will be simplified, reducing bureaucracy and empowering those on the margins of the system. This represents decentralization in action, opening a new horizon in the financial market of the 21st century.
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Source: Cointelegraph
