Crypto: Banks Will Run Rwas On Two Blockchain Rails, Says Redstone Co-founder

RedStone co-founder Marcin Kaźmierczak says banks are splitting RWA infrastructure between private networks like Canton and public chains such as Ethereum. The divergence is becoming more pronounced as tokenized assets gain traction among major asset managers. Marcin Kaźmierczak, co-founder of blockchain oracle provider RedStone, said product development is likely to occur on public blockchains, while permissioned systems are better suited for institutional processes that require confidentiality. “There are some operations between institutions that simply have to stay private, and this is the value proposition that Canton offers very effectively,” Kaźmierczak told Cointelegraph. Digital Asset’s Canton Network lets banks and asset managers tokenize and settle RWAs while keeping transaction details visible only to involved parties. The network says it processed $6 trillion in RWA value in 2025. Rather than converging on a single architecture, banks and asset managers are building parallel systems designed to serve different functions within the tokenized financial stack, according to Kaźmierczak. Tokenization has become one of the main narratives behind institutional blockchain adoption beyond spot crypto exposure and exchange-traded funds (ETFs). In June 2024, McKinsey estimated that tokenized assets could reach around $2 trillion by 2030. More optimistic projections have much higher forecasts, including a $30.1-trillion target by 2034 set by Standard Chartered and Synpulse. Regulatory clarity in the US has contributed to the shift. The GENIUS Act, passed in 2025, created a federal framework for stablecoins, which serve as the settlement layer for many tokenized assets. Kaźmierczak said confidence in Ethereum began improving earlier, after the network transitioned to proof-of-stake in 2022.