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1confirmation founder Nick Tomaino said the era of zero-cost, purely speculative token creation is fading, while tokens backed by real-world assets are set to drive broader crypto adoption in the coming year.
Why it matters
Tomaino's framing reframes the next leg of adoption around utility and collateral rather than speculation. Beyond stablecoins, he expects tokenized stocks, commodities, bonds, and real estate to accelerate over the next twelve months, as institutional rails and onchain infrastructure mature. He places onchain collectibles like sports cards and jerseys as the category with the greatest upside, betting that consumer-facing tokenized assets pull in the next wave of users.
Market impact
The view lands as tokenized treasuries and money-market funds on public chains have already crossed billions in cumulative value, and TradFi issuers continue to push equity and bond products onchain. A credible VC thesis naming onchain collectibles as the upside category signals where early-stage capital may rotate next.
Frequently asked questions
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Who is Nick Tomaino and what is 1confirmation?
Nick Tomaino is the founder of 1confirmation, a crypto-focused venture capital firm known for early bets on the ethereum and broader Web3 ecosystem.
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What are real-world asset (RWA) tokens?
RWA tokens are blockchain-based representations of off-chain assets such as stocks, bonds, real estate, commodities, or collectibles, designed to bring traditional assets onchain.
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Why does Tomaino think RWA tokens drive the next adoption wave?
He argues the era of zero-cost, purely speculative token creation is fading, and that tokens backed by real collateral and consumer-friendly categories like collectibles can pull in a broader user base.
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Which asset categories did he highlight beyond stablecoins?
Tomaino pointed to tokenized stocks, commodities, bonds, real estate, and onchain collectibles such as sports cards and jerseys, calling collectibles the category with the greatest upside.
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How does this view line up with current onchain trends?
Tokenized treasuries and money-market funds on public chains have crossed billions in cumulative value, and traditional finance issuers continue to expand equity and bond products onchain, supporting his broader adoption thesis.
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