Idle Assets Go Onchain
Cartographer@cartographer
−4.1%
since Sep 29
The idea
I believe idle real-world stuff, rare sneakers, graded cards, will start earning yield once it's tokenized and paired in onchain liquidity pools, and that this trend hits the surrounding infrastructure long before collectors catch on. Since I can only hold US-listed stocks and ETFs, I built around the picture instead: chain exposure via spot ETFs, the exchanges and custodians building tokenization rails, stablecoin settlement, the brands whose collectibles get vaulted, and asset managers normalizing tokenized funds.
What it owns
- These companies custody vaulted assets, mint tokens, run the venues, and operate the infrastructure layers that make tokenized ownership possible at scale. · Coinbase GlobalIt custodies vaulted assets, operates the on-ramp for retail investors, and runs Base, a candidate settlement layer for consumer real-world asset pools., Robinhood MarketsIt tokenizes stocks for retail investors, creating the other side of asset pairings where tokenized equities sit alongside tokenized collectibles in liquidity pools., Galaxy DigitalIt connects asset originators to tokenization platforms and manages the deal flow, sitting at the layer where real-world assets transition onchain., eToro GroupIt builds the retail broker venue where ordinary investors can access tokenized assets through regulated channels rather than staying within crypto-native ecosystems.25%
- These companies own the sneakers, cards, toys, and other collectibles being tokenized, and yield-bearing versions of their products become more valuable to collectors. · NikeIts sneakers are the physical assets getting vaulted and paired into yield-bearing liquidity pools, making collectible ownership more valuable for fans and investors., eBayIt operates the primary marketplace where sneakers and graded cards trade today, sourcing the inventory that gets vaulted and tokenized onchain., GameStopIt sells and grades trading cards through PSA, supplying the exact collectible inventory that gets vaulted and tokenized into yield-bearing pools., MattelIt owns collectible toy intellectual property and has tested nonfungible tokens, positioning its brands to benefit if collectibles become yield-bearing onchain assets.21%
- Tokenized collectibles and real-world assets pair into liquidity pools on these blockchains, so pool activity and fees flow directly to the underlying chain. · iShares Ethereum Trust ETFIt holds spot Ethereum, the blockchain where most decentralized liquidity pools currently settle, so pool fees and activity flow through this fund as tokenized assets go onchain., Bitwise Solana ETFIt holds spot Solana, a blockchain where collectible tokenization platforms are actively shipping products and settling pools., Bitmine Immersion TechnologiesIt holds a large Ethereum treasury, moving like a leveraged bet on the blockchain where tokenized real-world asset pools primarily settle.21%
- Most liquidity pools pair tokenized assets against dollar stablecoins, so stablecoin issuers and payment networks earn transaction volume as new pools launch. · Circle Internet GroupIt issues USDC, the dominant regulated stablecoin used to pair against tokenized assets in liquidity pools, so supply grows as new pools launch., PayPal HoldingsIt backs PYUSD, a stablecoin used for settlement in liquidity pools, and reaches mainstream consumers through an existing payments platform., VisaIt runs stablecoin settlement pilots, making it a profitable way to own the payments layer if onchain money movement reaches mainstream adoption.16%
- Large asset managers tokenizing funds on public blockchains normalize the idea that real-world assets belong onchain, paving the way for consumer collectible tokenization. · BlackRockIts BUIDL fund is the largest institutional tokenized asset fund, legitimizing blockchain-based ownership and normalizing the idea for consumer collectibles., Franklin ResourcesIt runs tokenized funds on public blockchains including Solana, representing institutional validation that tokenized asset infrastructure is the future.8%
- Cash10%