Overview

• The legal recognition of stablecoins now paves a clear path for tokenizing stocks, bonds and commodities on public blockchains.
• Srinivasan argues that cryptographic proofs will govern capital equipment ranging from cranes and drones to autonomous vehicles and robots.
• He asserts that over 99% of global asset value, from financial instruments to real estate, will be secured onchain, leaving only consumables offchain.
• Public blockchains are positioned as a more secure backend for property registries, with no history of catastrophic hacks compared to traditional systems.
• These technological and legal milestones underpin a vision for a code-based global economic union open to anyone with an internet connection.