“I might argue conventional finance’s message for the longer term that trillions of {dollars} might be tokenized is totally disconnected from corporations which are innovating with RWAs,” Quensel stated in an interview. “TradFi’s understanding of a token as a database report would not make any sense to DeFi. A token isn’t a database report; it is code operating by itself that is executable, transferable, has its personal logic, rights and prospects.”