thejohnnycrypto on Nostr: “The risk free rate was at five, six percent.” Bhaji Illuminati, CEO at ...
“The risk free rate was at five, six percent.”
Bhaji Illuminati, CEO at Centrifuge, made that point at ETHDenver 2026 — and it explains much of the recent RWA acceleration.
Earlier cycles struggled with “adverse selection bias.” There simply wasn’t enough on-chain demand. But once T-bill yields moved above 5%, stablecoin allocators had a reason to rotate capital. A tokenized T-bill fund reaching “about 600 million” reflects that shift.
They also emphasized “instant liquidity” versus quarterly redemptions — and noted demand is coming primarily from “on-chain capital allocators,” not new off-chain money.
The structural signal:
✅ Yield differentials matter more than narratives
✅ Stablecoins are becoming deployable balance sheets
✅ Liquidity design is a competitive advantage
✅ On-chain capital is recycling internally before attracting new inflows
RWA growth here looks less like outside capital entering crypto — and more like crypto-native balance sheets maturing into fixed-income allocators.
Follow me -
thejohnnycrypto (nprofile…8588) for grounded insights on how digital assets are reshaping finance and how to ledger them.
#grownostr #nostr #asknostr
#thejohnnycrypto #bitcoin #Stablecoins #RWA #ETH
Published at
2026-02-26 19:24:19 UTCEvent JSON
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