The launch is the latest example of tokenization, a fast-growing sector that places traditional assets such as funds, bonds and stocks on blockchain networks. Supporters argue that the technology can make assets easier to transfer and settle, reach a broader set of investors around the world while allowing trading around the clock.
Major companies including BlackRock, Franklin Templeton and Apollo have launched tokenized investment products, helping push the market for tokenized assets above $30 billion, excluding stablecoins, according to data from rwa.xyz.
From crypto critic to tokenization supporter
Atlas’ move is notable because Roubini spent years criticizing cryptocurrencies as speculative assets with little intrinsic value. However, the distinction seems to be the underlying assets.
The fund behind the USAfi token seeks stable returns in different economic environments while preserving capital through exposure to US Treasuries, real estate, gold and agricultural commodities.
“We are living in the most dangerous period for savers in a generation,” Roubini said, citing inflation, trade wars and geopolitical stress that erode investors’ purchasing power. “For years I argued that most digital assets offered no protection against this, because they had no real assets behind them,” he said.
Atlas is promoting the USAFi token as a “Technodollar” product. CEO Reza Bundy argued that while stablecoins are designed to move dollars across blockchain rails, tokenized investment vehicles like USAFi can serve as digital reserve assets by giving investors exposure to a diversified portfolio of productive assets.
