Christopher Perkins, president and managing partner of investment firm CoinFund, said real-world asset (RWA) tokens could democratize investment opportunities that were previously inaccessible to retail traders, similar to how exchange-traded funds (ETFs) made their debut in 1993, which expanded retail access to financial instruments. Tokenized RWA provides a compelling use case for blockchain technology that can increase capital turnover, enable equity financing through asset segmentation, create new types of collateral for decentralized finance (DeFi) applications, overhaul current capital formation structures, and enable investors to democratize access global capital markets.