Bankless · Wednesday, September 30, 2026
Lucas Schuermann addressed the challenges in the tokenized Real World Asset (RWA) space, noting the fragmentation with multiple standards and unclear liquidity winners. He argued that Variational's strength lies in its ability to aggregate TradFi liquidity, making RWAs highly liquid on-chain. This positions Variational as a potential solution for achieving the vision of liquid tokenized RWAs, by bridging TradFi liquidity to on-chain derivatives.
“Tokenized real world assets as a spot tokenization has a place. It's entirely unclear what the winner is. There's so many different models to get that TradFi liquidity on chain for those.”
“But my thought is I want to add one piece to our description of variational as a bridge from Tradify to on-chain and as a broker. It's derivatives, right? We think derivatives are some of the best ways to trade for most traders.”
“Our vision is that, you know, variational is the gateway to global markets, right? You can put USDC in one platform and you can trade a portfolio, not just of hundreds, not just of thousands, but longer term. We want, you know, 5,000, 10,000 different global markets.”