On the mic
Summary
Dave and Kool hosted Tyler, cofounder of rwa.world, for a session on real world assets (RWAs). Tyler explained that the site is a Crunchbase-style database, which had just passed 400 listed projects across 13 categories. He also gave ways to judge whether a tokenization project is legit, including legal claims to the underlying asset, regulated custody, and on-chain proof of reserve. The panel covered fractional real estate and mortgages, where RWA projects are being built (Polygon, Ethereum, Provenance and Bitcoin layers like Stacks), and how Lofty structures property ownership through a Wyoming DAO LLC. Ray, Scott, NatNat, SHE-samurai and Benny added views on DePIN, slow US regulation, middlemen, and keeping a small RWA position instead of only chasing meme coins. All of this is discussion, not financial advice.
Chapters
Origin story: the TradFi to DeFi community, an early Airtable list, and 13 RWA categoriesMomentAt 0:08:34 on X
RWA risks, proof of reserve, tokenized T-bills compared with fractionalized real estateMomentAt 0:13:31 on X
How to tell legit protocols from noise: legal claims, custody, regulation, Chainlink proof of reserve, and the USDC depegMomentAt 0:17:19 on X
Fractional home ownership and mortgages, lessons from the 2008 crisis, and transparency through tokenizationMomentAt 0:28:08 on X
Which chains RWA projects use: Polygon, Ethereum, Plume, Keychain, and Ray on ProvenanceMomentAt 0:35:57 on X
RWAs on Bitcoin: Stacks, Lightspark, Alpen Labs, Sovryn on Rootstock, and Hermetica USDHMomentAt 0:38:31 on X
Bringing tokenized real estate to Web2 users: Fabrica, Lofty AI, home equity, Unlock Finance and NiftyFiMomentAt 0:44:21 on X
EZ A app surfaced as an RWA platform on Stacks; Ray explains Lofty's Wyoming DAO LLC structureMomentAt 0:59:47 on X
DePIN and RWA as close cousins, Project Guardian, the pace of US regulation, and incumbents like the DTCCMomentAt 1:08:36 on X
Keeping a small RWA position compared with meme coins, Kool on Partial, and closing remarks with newsletter detailsMomentAt 1:18:59 on X
Key quotes
“And our goal is pretty simple. We wanna bring transparency to real world assets.”
⬡⬡ Tyler0:07:11Share on X
“You know, crypto is all about verify, don't trust.”
⬡⬡ Tyler0:18:05Share on X
“one of the greatest evils in the financial industry is the mispricing of risk so that you can dump it on retail.”
⬡⬡ Tyler0:28:22Share on X
“but decentralization is largely a spectrum.”
RRay Buckton0:36:45Share on X
“Deepin and RWA are very much... They're they're cousins, if not siblings.”
RRay Buckton1:08:36Share on X
Excerpts
Opening intro and guest introduction for the RWA special episode
- 0:04:29 Dave Yeah, Journey. I'm ready to roll with that. That was a really great intro. Go figure. Okay. Look at you knowing who Tyler Sherwin is. I like it. Good stuff, Tyler. That's great.
- 0:04:51 Dave She's a gem. She's an absolute gem. She's an absolute gem. But we're gonna jump into we're what gonna talk about today tying a few. Let me just say what's up to my cohost, mister Cool Crypto. What's good, baby?
- 0:06:10 Dave She might live on your computer too. She might live on your computer too, but it's not the same Junie. Okay? Relax. Okay. Gosh. Nat Nat, what's up? How are you?
Tyler introduces rwa.world and the milestone of 400 projects in the database
- 0:07:11 ⬡ Tyler For sure, man. Well, Dave, first of all, sincere thanks and appreciation for you bringing me on here. And, yeah, man, coming up through the wolf crew, I mean, they got a great thing going over there. Shout out to the…
- 0:08:21 Dave Incredible. Absolutely incredible. Yeah. I mean, cool. I don't know if you have anything right off the bat, but I got a million questions that I can ask. But...
Origin story: the TradFi to DeFi community, an early Airtable list, and 13 RWA categories
- 0:08:34 ⬡ Tyler Woah. 400. It's... Yeah. It's 400. And so... Yeah. The... It's kind of like... I would compare it to Crunchbase. So it's like a Crunchbase style database. If you go to the website rwa.world, and you can see... You can…
- 0:09:54 ⬡ Tyler That means there's probably at least a 100 more. And so what we started doing was we started just adding these companies to our database. And so it's pretty simple. Right? Like, it's basic information. Like, which…
Finding projects that are live or not launched yet, and airdrop hunting
- 0:12:02 Dave So... Okay. My first question after hearing that is, do all 400 have tokens? And if not, how do I search for the ones that don't?
- 0:12:13 ⬡ Tyler Great question. That is such a good question. So we actually have in our database, there's, like, a sophisticated... By the way, can I put stuff on the Jumbotron date?
- 0:12:28 ⬡ Tyler Thank you, brother. Appreciate it. And then also I have RWA World's account just hopped in here too so you guys can see that account as well. So, yeah, so to answer your question, you're asking a super good question…
RWA risks, proof of reserve, tokenized T-bills compared with fractionalized real estate
- 0:13:31 ⬡ Tyler That's awesome. Well... Yeah. So what's cool about RWAs is, you know, there's this major major innovation sphere. Like, there's this huge, huge challenge and problem, which I feel like people... Like, I'm I'm very much…
- 0:16:19 Dave Woah. Woah. Woah. That was a lot of information. And I heard at the end, it was like, wait. What? Saving money on house purchase on... Yesterday.
- 0:16:43 Dave most basic of questions to the most intricate. So Yeah. Cool. Yeah. Tyler, bro, you are a wealth of knowledge, my brother, but what I've it's incredible what you guys know... Like, what you know. I think what I found…
How to tell legit protocols from noise: legal claims, custody, regulation, Chainlink proof of reserve, and…
- 0:17:19 Kool Yeah. Yeah. No. I'm just I'm just... Okay. So we... My my exposure to the RW sec... RWA sector, it it... It's not as much as I would like. I know I know I'm out of exposure to to to Maple, which is more tokenized…
- 0:24:45 Dave Yeah. I could tell. I can absolutely tell. But let me just welcome our second cohost, Shisamurai. Welcome. How are you?
- 0:25:30 Dave Hey. Talk about the quickest response time ever. Scott Fu in the building, baby. I literally tagged him seven seconds ago, and it
Fractional home ownership and mortgages, lessons from the 2008 crisis, and transparency through tokenization
- 0:28:08 NatNat Jan, this is great. It's a lot of information. Tyler, towards the end, you did mention, mortgages and having our families have 30%. And can you dive into that a little bit more? How does that work exactly?
- 0:28:22 ⬡ Tyler Oh, yeah. Yeah. This was super interesting. And and before I do, I just wanted to real thank Scott for the shout out, man. He's... Scott, who is absolutely crushing it as well. And, obviously, everybody up on the…
- 0:35:16 Dave No. No. You're good. You're good. You're good. Don't worry about it. I I I get the transcript, and I, I break everything down via the transcript on the... With one of the apps that I use, so you're good. But I just…
Which chains RWA projects use: Polygon, Ethereum, Plume, Keychain, and Ray on Provenance
- 0:35:57 ⬡ Tyler Oh, that's a great question. So we found that a majority of them are on Polygon and Ethereum, which didn't really surprise to many people. Very Ethereum aligned is is sort of the the trend that we're seeing, but that…
- 0:36:45 Ray Buckton Yo. What's up amazing people? Thanks so much for having me. Tyler, you're out here crushing it, man. I just saw this on the timeline. Had to hop in. I see Scott Fu up here, absolute legend. So just amazing people…
RWAs on Bitcoin: Stacks, Lightspark, Alpen Labs, Sovryn on Rootstock, and Hermetica USDH
- 0:38:31 Dave Let's go. I mean, my question is, is anybody building on Bitcoin? Any Bitcoin layer two? Oh, like
- 0:41:11 Dave Didn't Solana just get USDC, Ty, like, literally, like, fucking a week or two ago or something like that? Like, they just got native USDC. So I can't even second. Like, I can't even... Like, I wanna echo that so much…
- 0:43:19 ⬡ Tyler Yeah. And I'm also trying to... So, like, I'm also giving the benefit of the doubt too. Right? So even though we've captured 400 projects in our database, I've still only met about, like, you know, 50 to 70% of them…
Bringing tokenized real estate to Web2 users: Fabrica, Lofty AI, home equity, Unlock Finance and NiftyFi
- 0:44:21 shesamurai1 Yeah. Sorry. Just just to take it back a few minutes to the conversation about real estate and tokenizing real estate and all that stuff. I'm I'm not too too versed with real world assets. I do have Swan Market just…
- 0:51:24 Kool Yeah. Go for it. Cool. Hey, Tyler. I I just wanna say, man, like, your level of knowledge in this thing, it's it's... I've never seen anything like this before. I'm I'm... Like I said, I know a lot of them, man. I'm…
- 0:52:33 ⬡ Tyler Yeah. No. Scott, you're too kind. It's it's... You know, it's funny too is we also have two other members of our team who they're, like, shy. They're, like, not... They don't like to come on, Twitter. Pablo here's in…
Tokenization compared with NFTs, and the role of Larry Fink's framing
- 0:55:01 Benny Lee We'll go Ray. Then that. You know, Algorand and then many utilities, and we'll keep those systems. But Nothing too serious, Tyler, with this question. I feel like you've been around the block. And it just seems like…
- 0:56:12 ⬡ Tyler Man. Okay. So I think I understood your question. You're basically saying, like, yeah, NFTs created this idea of of property rights and securing the rights to some type of, ownership. Somebody authenticated this NFT…
- 0:59:06 Benny Lee I don't like Reddit when they when they say, you know, like, NFTs and, like, the word digital collectibles, and then everybody went along with it. And it's like, well... I mean, you know, they just changing language…
EZ A app surfaced as an RWA platform on Stacks; Ray explains Lofty's Wyoming DAO LLC structure
- 0:59:47 Dave Guys, we found one. Ray, I'm coming to you right now, but check out... Look at the top. Shout out hero gamer. Somebody has a real world asset platform, built on stacks, the tokenization platform. It's called EZ A, the…
- 1:00:40 Ray Buckton No. Yeah. I just wanna brag on Lofty a little bit. It's kinda getting the weeds. Just just... Without without going too far down, I'll have my my tether on to get pulled back out. But... Yeah. So Lofty is is a…
- 1:05:04 Dave Middle man killer. I love it. Nat Nat, thanks for being so patient. Go for it.
DePIN and RWA as close cousins, Project Guardian, the pace of US regulation, and incumbents like the DTCC
- 1:08:36 Ray Buckton 100%. Like, Scott, you hit the nail on the head, man. And I think that I hear so much because as I know we were talking when we were in Austin, the consensus together that, Deepin and RWA are very much... They're…
- 1:13:34 ⬡ Tyler Oh, no. Was just gonna do it. Yeah. I I just loved everything you said, Benny. That's all. I'm just gonna plus one, bro. Sovereign. No ditty. I love it.
- 1:16:02 Benny Lee It it it it look... It looks crazy. This this is this isn't moving. But, again, it it... We... We're so... Like what one of my employees said. It's not time to shoot the bastard in the head yet, but at the same time…
Keeping a small RWA position compared with meme coins, Kool on Partial, and closing remarks with newsletter…
- 1:20:59 Dave You just made a best friend in our chief compliance officer over here, and she's samurai because the one that keeps us honest when me and cool start getting a little crazy. And we're like, meme coin, mania. It's…
- 1:25:39 Dave Yo. Cool's talking about cool's talking about airdrops. Literally seventy five thousand hours out of the week. Yo. This has been... I'm not even kidding. I know we have five minutes, but I know closing remarks are…
- 1:29:59 Dave These are resources, guys. These are not chills. This is resources that we're providing you. Right? And we're literally having the creators come here and explain how to best use the resource. It's amazing. Like, it…
Short excerpts from the auto-generated transcript. Listen on X for the full show.