Crypto advocate John Deaton believes real-world asset tokenization could help close the wealth gap.
In a post on X, he joins other top figures backing the rise of DeFi and tokenized finance. Recent on-chain data shows rapid growth in crypto borrowing and collateral activity.
How Can Tokenization Bridge the Wealth Gap？
The former Senate candidate believes tokenization could give more people a shot at financial independence. He said fractional ownership of real-world assets—made possible through blockchain—might lower the barrier to wealth building.
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Deaton cited industry support for tokenization from Coinbase CEO Brian Armstrong, Ripple‘s Brad Garlinghouse, and BlackRock’s Larry Fink. He said crypto cuts out costly middlemen like banks and remittance services, offering direct access to financial tools for retail.
Base Protocol Sees Rapid Rise in Collateral and Borrowing
Data from Dune Analytics shows that as of March 31, 2025, total collateral on Base reached $97.4 million, and borrowed amounts stood at $49.7 million. The growth reflects increased activity in on-chain lending since early February.
Notably, Base chain is Coinbases Layer 2 network built on Ethereum. It allows faster and lower-cost transactions while supporting DeFi apps.
Base developer Jesse Pollak reveals that nearly $100 million worth of Bitcoin has been deposited by Coinbase users. These users are borrowing USDC on-chain using their BTC as collateral. Pollak called it the first “DeFi mullet” product.
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In his commentary, Brian Armstrong noted that borrowing and lending on-chain is set to become a major use case. He emphasized that all asset classes are on track to be tokenized, turning blockchain into the infrastructure of future finance.