I think that the only reason to tokenize is for the token to be a bearer instrument; everything else is just a variation of custody. Since you cannot do bearer instruments on a permissioned account chain, and they're going to do this on Base, it's not as innovative as they make it sound.
I like your reasoning.
I think that the only reason to tokenize is for the token to be a bearer instrument; everything else is just a variation of custody. Since you cannot do bearer instruments on a permissioned account chain, and they're going to do this on Base, it's not as innovative as they make it sound.