"Where do you make money in tokenization?"
The core monopoly we're disrupting in crypto is ownership over the rails.
Complete control over the rails gives banks a HUGE leg up over everything built on top of the rails.
By moving finance onto rails that are owned by no one, suddenly it's possible to build massive global businesses subject to different rules than fin services.
Want an example?
Look no further than
@Uniswap , which directly benefits from Robinhood's push into tokenized finance.
How about
@Morpho and
@aave ? What do you think is going to happen exactly when $3T of stablecoins come onchain?
The answer for who benefits (on a 2-3 year time horizon) of tokenization, are the tokens themselves.