
The TMMF Report Proves the Point: Tokenization Helps, but Only DeFi Unlocks the Real Transformation
Tokenization improves efficiency, but it is only the first step. The real transformation comes when tokenized assets can be used in DeFi, where cashflows, collateral and yield strategies become programmable in ways traditional finance cannot match. This article explains why we need all assets on chain and interacting inside open financial markets.
By Bernd Lapp · Dec 11, 2025 · RWA & Tokenization



