Centralization and the dark side of asset tokenization — MEXC exec
Stablecoins are the largest tokenized RWA niche, with a market cap of over $227 billion, followed by private credit at over $12.2 billion. Tracy Jin, the chief operating officer at the MEXC crypto exchange, warns that tokenizing real-world assets (RWAs) carries a substantial amount of centralized risks that can lead to censorship, liquidity issues, legal…