The real endgame: Assets issued natively onchain, not wrapped from TradFi.

RWAs & tokenization are just the first step.

As @samkazemian wrote - "settlement guarantees" only make sense for assets *without* issuers, like BTC or ETH.

But for RWAs, the guarantee depends on the issuer.

Example: $BUIDL on Ethereum is just a subset of BlackRock's liabilities.

If Ethereum goes down, BlackRock decides what happens next, because the real record sits offchain, in TradFi.

But when assets are **natively issued on-chain**, the game changes:

- Issuers like BlackRock are now exposed to network risk.

- They’re incentivized to hold & stake ETH, SOL, etc.

- They need the chain to stay online and censorship-resistant.

Republic’s tokenization is just the first example of this future.

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