Ondo exec: Tokenization can't magically create liquidity for illiquid assets

Tokenizing illiquid assets does not automatically make them liquid, an executive from Ondo (ONDO) argued at Paris Blockchain Week. According to Cointelegraph, Oya Celiktemur explained that while some may believe tokenization magically transforms illiquid assets, this is not the case. She noted that assets like real estate and private credit are inherently illiquid, and simply bringing them on-chain cannot create new liquidity. Celiktemur suggested that only certain assets, such as bonds, money market funds, and stablecoins, can achieve stable liquidity in the tokenized market.