Niklas Kunkel I From RWA to Crypto Native I Chronicle I Pragma San Francisco 2025

Thu, Oct 2, 2025, 12:00 AM

Join Niklas Kunkel, founder of Chronicle, at Pragma San Francisco 2025 as he discusses the evolution from traditional Real World Assets (RWAs) to Crypto Native Assets. Explore MakerDAO's pioneering journey with tokenized treasury bills (T-Bills), understand the differences between first, second, and third-generation RWAs, and discover how blockchain-native assets can enhance transparency, liquidity, and DeFi integration. Learn how oracles like Chronicle play a crucial role in bringing real-time asset data on-chain, transforming the future of decentralized finance. 00:00 Intro: RWAs & Crypto Native Assets Explained 00:52 About Niklas Kunkel & Chronicle Overview 01:37 Stagnation in DeFi: The Need for RWAs 03:08 MakerDAO's RWA Journey: A Case Study 04:26 RWAs & Solving Revenue Volatility in DeFi 05:44 First-Gen RWAs: Tokenized T-Bills & Flaws 07:07 How MakerDAO Integrated RWAs Initially 08:23 Issues with Early RWAs: Yield & Transparency 09:08 MakerDAO Revenue Growth with RWAs 09:51 Breakdown of MakerDAO's Crypto & RWA Revenue 10:37 MakerDAO's Tokenization Grand Prix Explained 11:15 Second-Gen RWAs: Improved Yield & Liquidity 12:04 Legal Claims in Second-Gen RWA Tokens 12:49 Transparency Issues in Second-Gen RWAs 13:27 Rapid Redeemability & Liquidity in RWAs 14:09 Market Leaders in Second-Gen RWA Products 14:50 Problems Remaining in Second-Gen RWAs 15:36 Third-Gen RWAs: Defining "Crypto Native" 16:21 Why Current RWAs Aren't Crypto Native Yet 17:04 Key Features of Third-Gen Crypto Native RWAs 17:45 Real Blockchain Ownership: Tokens as Assets 18:25 Improving Data Transparency with Oracles 19:01 Chronicle's Oracle Solution for RWA Data 19:45 Automated DeFi Risk Management with RWAs 20:27 Chronicle’s Role in Future RWA Integration 21:05 Chronicle's Market Position & Partnerships 21:40 Connect with Chronicle: Dashboard & Socials 21:55 Conclusion & Wrap-Up _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🇺🇸 *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. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅ *Follow Chronicle* X: https://x.com/ChronicleLabs ✅ *Follow ETHGlobal* X: https://x.com/ETHGlobal​ Warpcast: https://warpcast.com/ethglobal Website: https://ethglobal.com YouTube: https://www.youtube.com/c/ETHGlobal _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _Are you interested in Ethereum development and entrepreneurship?_ 👉 Sign up for the next ETHGlobal event: https://ethglobal.com/events 🎁 Get exclusive access and perks with ETHGlobal Plus! https://ethglobal.com/plus 📣 Want us to throw an event in your city? Tell us where! https://ethglobal.com/city _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _