# Engineering Yield Access: Bringing Institutional Credit & RWA Structures Onchain

- Channel: [Stable Summit](https://streameth.org/stable_summit)
- Date: 2025-10-07
- Duration: 39:51
- Watch: https://streameth.org/watch/yt-rM97mn0MDEM
- YouTube: https://www.youtube.com/watch?v=rM97mn0MDEM

## Description

This panel at Stable Summit dives into the complex world of tokenized private credit, yield-bearing RWAs, and the infrastructure needed to scale them onchain. From vault rehypothecation and secondary liquidity challenges to why latency doesn't matter for real assets, every angle of DeFi’s institutional evolution is covered. The discussion features builders of tokenized credit products, insights on bankchain failures, and what DeFi really needs to tap deep TradFi liquidity.

Speakers:
1. David Vatchev, Head of Tokenization, Fasanara Capital
2. Dennis Dinkelmeyer, Co-Founder & CEO, Midas
3. Sebastien Derivaux, Chef, Steakhouse
4. Martin Quensel, Co-Founder, Centrifuge
5. Julien Bouteloup, Founder, Stake Capital Group

Moderator: Tesa Ho, Head of Market Research, Flashbots

---
00:00 Intros and RWA Landscape
02:11 Legal Structures and Barriers
04:17 Liquidity Challenges in DeFi
06:31 Speed vs. Liquidity Tradeoff
09:00 Interoperability and Chain Fragmentation
14:25 Chain Consolidation and Strategy
15:28 Rehypothecation of RWAs
17:01 Tokenized Vault Launch and Use Cases
19:00 Managing Leverage and Risk
21:03 Solving Duration Mismatch
23:10 Due Diligence and Vault Design
26:19 Yield Stability and Asset Choice
28:05 Technical vs. Educational Gaps
30:38 Institutional Chains vs. Public Chains
34:09 Liquidity Dominance of Public Networks
38:59 Access as the True Utility

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About: 
By Stake Capital Group and Party Action People, and presented by Curve Finance, Stable Summit has been gathering leaders in stablecoins almost quarterly since 2023. Our content is curated through hours of one-on-one research with the leading minds in the stablecoin space. Each program is a highlight reel of what leaders in stables are curious about in real time. Our audience consistently features the full spectrum of the stablecoin ecosystem, from DeFi protocols to institutions, from stablecoin issuers to central banks, and every llama in between.