Citrini released a 79-page report bullish on RWA tokenization, with the debate shifting to "who will profit."

PANews October 17 news, according to CoinDesk, Wall Street-focused research firm Citrini Research stated in a 79-page report titled "Breaking the Wall" that as assets such as U.S. Treasuries, credit, and equities move on-chain, "the blockchain has finally found its reason to exist," and argued that tokenization can allow financial assets to circulate across applications like software and serve as collateral. The focus shifts to where the profits accrue: Christian Magoon of Amplify ETFs believes infrastructure providers will become "on-chain toll booths," and distribution channels (Coinbase, Robinhood) are equally critical; Jeff Dorman of Arca expects the tokenization process to become commoditized, with value lying in post-on-chain trading, lending, and collateralization, and is bullish on Securitize, Hyperliquid, Aave, and others; Zach Pandl of Grayscale, meanwhile, advocates betting on the underlying networks, with Ethereum, BNB Chain, and Solana currently leading. Arthur Hayes questions whether it is merely "better bookkeeping," but is bullish on the prospect of AI agents running financial services.