SDF's Chief Business Officer discusses why institutions remain cautious on RWAs despite $3B in Stellar tokenization. Key barriers: risk frameworks, secondary liquidity, privacy, and the infrastructure needed for institutional comfort.
Stellar's tokenized real-world assets have reached $3 billion, tripling in six months, yet institutional adoption remains cautious. Raja Chakravorti, Chief Business Officer at the Stellar Development Foundation, explores the structural barriers slowing large-scale RWA deployment. Institutions face overlapping challenges: risk committees require asset control and clawback mechanisms, compliance teams demand privacy protections, and investors need functioning secondary markets for liquidity. The DTCC partnership exemplifies SDF's strategy: collaborate with trusted financial institutions on critical infrastructure, await regulatory clarity, and build platform features that give traditional finance operational confidence. Privacy and control features must coexist with auditability. Secondary market liquidity isn't created by tokenization alone; distribution and end-user adoption are the true unlock.
