Multicoin Capital: RWA Will Drive DeFi into Phase 2.0, On-Chain Financial Infrastructure Faces Restructuring

TechFlow reports that on September 25, Multicoin Capital stated that as RWA such as stocks, bonds, commodities, and foreign exchange accelerate moving on-chain, the core infrastructure of DeFi will gradually expand from primarily serving native crypto assets to traditional financial market structures like order books, RFQ, fixed-rate lending, options, dark pools, and portfolio margin.

Multicoin believes that the next phase of RWA onboarding will no longer be limited to asset tokenization, but will instead enable these assets to actively participate in trading, credit, derivatives, and risk management, thereby expanding the overall size of the DeFi market.