Bitfinex believes that the market infrastructure in the Caribbean country requires reconstruction. RWAs could help open the Venezuelan economy to global markets, the company says. Bitfinex Securities, the El Salvador-based tokenized securities platform, claims that real-world asset (RWA) tokenization and decentralized finance offer an unprecedented opportunity to rebuild Venezuela’s market infrastructure. According to Jesse Knutson, head of operations at Bitfinex Securities, the opportunity for this technology It is especially attractive in markets with the characteristics of Venezuela.
In a statement sent to BitcoinDynamic, Knutson states that RWAs are most compelling in environments where “trust in institutions is low, market infrastructure requires rebuilding, and global investors are cautiously evaluating re-entry and accessibility.” For the Bitfinex Securities executive, this technology is not just a trend, but an efficiency tool for economies that lack a robust financial system.
Unlike developed markets, where tokenization competes with established systems, in Venezuela could act as a direct growth catalystaccording to the manager. “Without an established and developed financial services industry, tokenization could play a key role in opening the Venezuelan economy to global markets in an efficient, fast and democratized way,” explains the administrator. This would allow local businesses access international capital in a transparent and low-cost wayovercoming the traditional barriers of the conventional banking system.
Knutson sees potential in Venezuela to boost RWA. Source: LinkedIn.
Venezuela is a cryptocurrency “laboratory”
This interest from international actors coincides with the vision of local analysts such as trader Alberto Cárdenas, who defines Venezuela as a «laboratory» of crypto assets. Cárdenas highlights that, after years of experimenting with mining, regulations and the massive use of stablecoins such as USDT, The next natural step is RWAs.
In fact, the Caracas Stock Exchange has already begun to take steps in this direction through education, exploring how the digitalization of real estate, agro-industrial products and commodities could transform the ecosystem. Cárdenas agrees that the traditional financial model based on transactional commissions is disappearing, giving way to more efficient businesses focused on custody and advice.