That symbolic “stuff” might be nearly something. Art work, real-estate, luxurious objects, bottles of wine, vehicles, carbon credit, and monetary devices like T-bills and shares – all of which might go on-chain. “We try to tokenize all the pieces, then we’ll attempt to see if we are able to wipe out all the fee from the underlying system,” says Allan Pedersen, CEO of Monetalis Group, which has partnered to tokenize RWAs. have carried out the work and use them as collateral on MakerDAO. Pedersen says he has tokenized $1.2 billion in Treasury payments that are actually used as collateral by Maker.