libertas primordium on Nostr: Tokenized real world assets: there is no trustless way to verify custody of the ...
Tokenized real world assets: there is no trustless way to verify custody of the asset, so you're still trusting that the token is backed 1:1 by the asset, in which case doing this on a blockchain is just a less efficient way of doing something that trad-fi already does quite well.
I thought it sounded scammy when I first heard of it around 2017 and it still sounds very scammy.
Published at
2026-08-23 17:15:40 UTCEvent JSON
{
"id": "b9a074df9d761232118b751a3bb16554939721a807433dfa96f001762bda41bb",
"pubkey": "e4e847f9b3e29e930b3f05218767828f8ddd5ac177f5ad46a6616f52e5c37d6d",
"created_at": 1787505340,
"kind": 1,
"tags": [
[
"client",
"Amethyst"
]
],
"content": "Tokenized real world assets: there is no trustless way to verify custody of the asset, so you're still trusting that the token is backed 1:1 by the asset, in which case doing this on a blockchain is just a less efficient way of doing something that trad-fi already does quite well. \n\nI thought it sounded scammy when I first heard of it around 2017 and it still sounds very scammy.",
"sig": "7da9f403b280ff77c04b04e160c82556f9aff73c62db08d59ca3ac3e6259fd9b24c26e0371463c6b1b6d2a48d499595619ce4bc5c5653f43a36f8f4c690f84c9"
}
