The United States needs to establish a competitive moat around highly secure tokenized real-world assets (RWAs) to remain competitive in the age of borderless, permissionless finance, according to Chainlink co-founder Sergey Nazarov.
In an interview with Cointelegraph’s Turner Wright at the Digital Asset Summit in New York, Nazarov said that blockchain is a global phenomenon that relies on open-source software and distributed technology, unlike previous technological shifts.
The executive added that the shift to online commerce, which gave the US a competitive advantage due to a five- to 10-year head start on the development of internet infrastructure, is not applicable in the age of digital finance. The executive told Cointelegraph:
“The US really has to push its other two advantages of a very strong domestic market and the ability for it to create these highly reliable financial assets. And this is what I think the administration and the people in the legislature are now starting to understand.”
Real-world tokenized assets could become a $100-trillion market in the coming years, as the world’s assets come onchain, the Chainlink executive predicted.
Sergey Nazarov takes part in a panel at the 2025 Digital Asset Summit. Source: Turner Wright/Cointelegraph
According to RWA.xyz, real-world tokenized assets, excluding stablecoins, hit an all-time high in 2025, topping $18.8 billion.
Private credit took up the lion’s share of the total RWA market capitalization, with over $12.2 billion in tokenized private credit instruments permeating the market at the time of this writing.
Total tokenized real-world assets, excluding stablecoins. Source: RWA.xyz
Asset tokenization can make previously illiquid asset classes, such as real estate, more liquid, eliminating the illiquidity discount inherent in physical properties.
In February, Polygon CEO Marc Boiron told Cointelegraph that tokenizing real estate could fractionalize ownership, eliminate intermediaries, and lower settlement costs —transforming the slow-moving sector.
This real estate overhaul can be seen in Turkey, with projects such as Lumia Towers, a 300-unit mixed-use commercial real estate development that was tokenized using Polygon’s technology.
It’s also taking place in the United Arab Emirates, which is considered one of the hottest property markets in the world. Proactive digital asset regulations are driving a tokenized RWA boom in the Gulf state as institutional investors and developers flock to tokenization as an alternative method of capital formation.
Nigel Farage will be accused of wanting to “take Britain backwards” by vowing to scrap trade agreements between the UK and EU, as the government seeks a permanent deal to cut checks on food and drink.
The Reform leader wants to ditch the prime minister’s Brexit reset package, unveiled earlier this year, which covers areas including fishing, defence, a youth experience scheme, and passport e-gates.
It also includes a temporary deal to reduce the red tape on imports and exports of some fruit and veg, meaning no border checks or fees are paid – and the government wants to make it permanent when it expires in 2027.
Please use Chrome browser for a more accessible video player
5:07
Is the UK-EU deal really that good?
The minister tasked by Sir Keir Starmer with improving UK-EU ties is Nick Thomas-Symonds, who will use a speech later today to say Mr Farage “wants Britain to fail”.
Writing in The Telegraph in May, the arch-Brexiteer said Labour’s deal takes the UK “back into the orbit of Brussels”, and vowed a Reform government “would undo all of this legislation”.
Speaking in central London, Mr Thomas-Symonds will say undoing it would slash “at least £9bn from the economy, bringing with it a risk to jobs and a risk of food prices going up”.
The Cabinet Office minister will accuse him of offering “easy answers, dividing communities and stoking anger”.
A Reform UK spokesperson has dismissed the incoming criticism, claiming “no one has done more damage to British businesses than this Labour government”, pointing to tax rises on firms and the unemployment rate.
Nick Thomas-Symonds is on Sky News Breakfast – watch live from 7.15am.
Image: Cabinet Office minister Nick Thomas-Symonds
‘Farage’s Brexit caused the small boats’
The Labour minister’s criticism will come a day after Mr Farage revealed his controversial plans to stop small boat crossings, vowing any such arrivals – including women and children – would be detained and deported.
“If we do that, the boats will stop coming within days, because there will be no incentive to pay a trafficker to get into this country,” he told a news conference on Tuesday.
Reform would repeal the Human Rights Act and leave the European Convention on Human Rights (ECHR), saying they have allowed foreign offenders to challenge their own deportations through the courts and remain in the UK.
Mr Farage said such treaties are “outdated”, and that the British public were in a state of either “despair” or “anger” about illegal immigration.
Image: Nigel Farage unveils his controversial deportation plans on Tuesday. Pic: PA
Labour dismissed the proposals as “unworkable”, while the Tories said he’d stolen their ideas.
Liberal Democrat leader Sir Ed Davey was more personal, suggesting Mr Farage himself was responsible for the massive rise in small boat crossings.
“The truth is, it was Farage’s Brexit that caused the small boats,” Sir Ed said. “Before Brexit, we could send back any illegal immigrants coming over in a small boat.”
Please use Chrome browser for a more accessible video player
4:54
Davey: Farage wants to ‘follow Putin’
Did Brexit make things harder?
Brexit ended UK participation in the so-called Dublin agreement which governs EU-wide asylum claims. It means people should be processed for asylum in the country at which they first entered the bloc.
But Britain’s membership of the EU did not stop all asylum arrivals. And many EU countries where people first arrive, including Italy, do not apply the Dublin rules.
Sir Ed said the government was now reduced to doing individual deals with countries to tackle the issue.
Labour are banking on a one in, out deal with the French, which will see the UK send asylum seekers to France in exchange for ones with links to the UK.
Donald Trump Jr. has joined Polymarket’s advisory board as 1789 Capital invests in the platform, tying the prediction market more closely to US politics.
“Japan prizes systemic stability above innovation speed, while the US is signaling a bigger market-opening play,” said Startale Group’s Takashi Tezuka.