# Chris Yin I Why RWAs Are Going To Zero I Plume Network I Pragma San Francisco 2024

- Speakers: [Chris Yin](https://streameth.org/speakers/chris-yin)
- Channel: [ETHGlobal](https://streameth.org/ethglobal)
- Date: 2025-10-09
- Duration: 21:11
- Topics: Chris Yin, Plume Network, RWAs, real-world assets, stablecoin, institutional adoption, tokenization, BlackRock, Larry Fink, bridging TradFi and DeFi, composability, liquidity, crypto-native design, stablecoins as RWAs, ecosystem growth, permissionless assets, Plume community, bridging off-chain value, user adoption, blockchain innovation, Pragma
- Watch: https://streameth.org/watch/yt-eM7OLszdnGI
- YouTube: https://www.youtube.com/watch?v=eM7OLszdnGI

## Description

Join Chris Yin of Plume Network as he breaks down why “Real-World Assets” (RWAs) will eventually fade out – and why the stablecoin model holds the key to bridging on-chain and off-chain value. Learn how Plume’s approach to RWA adoption focuses on crypto-native formats, composable design, and active community-building rather than simply porting legacy “TradFi” products onto blockchains. 

Discover how institutional headlines (BlackRock, Franklin Templeton) can distract from what truly drives adoption, how stablecoins became the original RWA success story, and why Plume’s ecosystem is thriving by offering a liquid, permissionless user experience. If you’re ready to move beyond the hype and unlock real usage for on-chain assets, this talk explains the next phase of RWA evolution in DeFi.

000:00 Introduction & RWA Hype  
01:10 Growth of RWA Market & Headlines  
02:45 Why Institutional “Tokenization” Might Mislead  
04:02 Comparing Stablecoins vs. On-Chain Treasuries  
05:45 Defining RWAs & Crypto-Native Assets  
07:18 Public Sector Examples: DMV Titles & Salesforce  
09:10 Real Adoption: The Story of Stablecoins as RWA  
10:58 On-Chain Assets: Liquid, Permissionless & Composable  
12:55 Plume Network: Mission & Ecosystem Overview  
14:28 Building for Crypto Natives vs. Traditional Finance  
16:11 Plume’s Approach: Liquidity & Community  
17:30 Examples: Pokemon Card Derivatives & Real-Yield Assets  
18:35 Why “RWAs” as a Category Should Disappear  
20:25 Conclusion & Next Steps with Plume  

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🇺🇸 *Pragma San Francisco*
Pragma San Francisco 2024 was a special gathering of founders and builders that took place October 16th and 17th at The Contemporary Jewish Museum in San Francisco, CA.  Pragma San Francisco 2024 was an opportunity discuss the future of web3 and reflect on the past. Watch the full Pragma San Francisco playlist here: https://youtube.com/playlist?list=PLXzKMXK2aHh4LcwDpGf_itZrAu7XRNb07&si=3x3y9J3avgNTITUe

ETHGlobal's Pragma series takes place in cities around the world, and is designed to be a different kind of event. Pragma is a one-stage conference with founders-only on stage, bringing together a small group of curated attendees and speakers to discuss the future of web3 and reflect on the past. 

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✅ *Follow Chris Yin*
X: https://x.com/chriseyin

✅ *Follow Plume Network*
X: https://x.com/plumenetwork

✅ *Follow ETHGlobal*
X: https://x.com/ETHGlobal​
Warpcast: https://warpcast.com/ethglobal
Website: https://ethglobal.com
YouTube: https://www.youtube.com/c/ETHGlobal 

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