In this episode of the Applied Blockchain Podcast, Adi Ben-Ari speaks with Julian Kwan, Co-Founder & CEO of IXS and InvestaX, about why real-world asset tokenization is moving from “security token experiments” into a global race to rebuild capital markets on-chain.

Drawing on Julian’s experience building licensed RWA platforms across Singapore and the Bahamas, the conversation explores how tokenization is evolving beyond crowdfunding into programmable, interoperable financial infrastructure — and why stablecoins, regulation, and distribution are the real catalysts for growth.

Together, Adi and Julian explore, including but not limited to:

• Why “security tokens” became “digital securities” and now “RWAs”

• Why capital markets moving on-chain is ultimately an efficiency play

• How Singapore’s early regulatory approach enabled real experimentation

• Why stablecoins are the key utility pillar behind on-chain finance

• The biggest bottlenecks in RWAs

• Why liquidity doesn’t magically appear• How tokenized treasuries became the first true product-market fit in RWAs

• The next wave: private credit, private debt, and “Bitcoin real yield”

• Where privacy matters in on-chain marketsResources Mentioned & Themes Discussed

• Singapore’s regulatory and government grant approach to tokenization

• Tokenized treasuries and yield-bearing on-chain assets• DEX models (e.g., Uniswap-style liquidity pools) applied to tokenized securities

• AI agents as a new interface for discovering information and automating workflows

This podcast is brought to you by Applied Blockchain, a leading blockchain development company shaping the future of Web3 and decentralized technologies.

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Disclaimer

This podcast is strictly for educational purposes and does not constitute financial or tax advice. It is not a solicitation to buy or sell any assets or make financial decisions. Always consult with a professional and do your own research.