The Tokenization Opportunity Is Bigger Than Anyone Realises

**Ivo Grigorov** (0:00)
My personal opinion is that five years from now, the majority of any kind of asset, cash flow generating, is going to transition onto the blockchain.

**LGD Set** (0:10)
What's up, everybody? It's LGD Set here, and welcome to The Milk Road Show, the Daily Crypto Show that really needs tokenization to accelerate so I can start leverage betting my vehicles and furniture too. I don't know who wrote that. Today is June 26th, 2026, recording on June 25th. Everybody in crypto says real world assets are the next trillion dollar opportunity, and they're definitely right. But tokenizing an asset is the easy part. The hard part is custody, settlement, compliance, liquidity, servicing, and convincing actual institutions to use the thing. Today we're breaking down what's real, what's still like maybe fluff narrative that you're hearing out there, and what it actually takes to bring serious assets on chain with Ivo Grigorov, co-founder of Real Finance. Today's episode is brought to you by BitGit, Stocks 2 with real liquidity, real dividends, and Nexo, earn interest, borrow and trade crypto.
Ivo, what's going on, man? Welcome to Milk Road.

**Ivo Grigorov** (1:00)
Well, hey, thanks for having me, and thanks for the invite, and it's a pleasure to be here. Great intro, by the way. Thank you. Yeah, indeed, organization is a topic which is a very hot topic, to be honest, and just a quick correction, it's not a trillion dollar industry, it's 33 trillion dollar industry. So, huge topic, to be honest, and I'm excited to deep dive into it.

**LGD Set** (1:31)
Absolutely. I feel like we hear a lot about tokenization, and especially given these days that the market is, you know, Bitcoin price is struggling, right? It's kind of hot. It's hard for people to understand, you know, what is actually being built in the tokenization space. So, I feel like you guys are a good example of that. So, maybe you can tell us, like, you know, what is the kind of current status of RWAs? Like, where are we at right now with actually bringing a lot of this stuff on chain?

**Ivo Grigorov** (2:02)
Actually, currently, I think we're in the stage where, you know, we've passed the theoretical possibilities of the blockchain and we have moved on to the practical terms. You know, we had the NFT seasons, the DeFi season, et cetera, et cetera. Now, I think it's, you know, actual, tangible assets season, you know. It's something which, you know, people have been, to be honest, waiting for, especially in institutions like serious businesses have been waiting for this, you know. Okay, on theory, it's nice. How do we use it now?
You know, stable coins have kind of like shown the past, but stable coins are, you know, just a small fraction of what can actually be achieved with the technology. And, you know, that's how we started with the Real Finance, just to give, you know, some background to myself and to my other co-founder, Valentin. Like, we both come from basically traditional financial sector. We were, actually, we met like eight years ago at the Fund of Funds. We were in charge of a portfolio of 1.5 billion of different financial instruments, which we were designing. So that's where we met, you know, we did guarantee schemes, you know, letters of credit on a wholesale level, a settlement with banks, etc.
And then we found out about blockchain, right? And Bitcoin and, you know, this whole concept of some strange technology, which does amazing settlement, you know, no tip plus three plus two. And we were like, hey, you know, this could be useful for financial instruments. How can we do it? And we started exploring and about like two years, we started, you know, like basically digging into it, very hard core. And what we found out, to be honest, is that the technology is cool, practical use, that's where we need to focus. And, you know, business cases, basically when you go to a bank, when you go to a financial institution, what is the business case you're offering? Why are you offering it? And this is kind of like, you know, the key here. And I think that we have managed to solve it to quite a big extent so far.
We're still pre-mainnet. So, you know, in September we're launching mainnet and there's gonna be a lot of news coming up to September. But yeah, I'll let you, you know, I can speak for hours here. So, I'd like to have a couple of questions like you do have some.

**LGD Set** (4:49)
Well, yeah, what kind of RWA is Real Finance focusing on? Because I think we've had a few people, we obviously talk about this pretty often.