Memecoin Collapse Creates Perfect Moment for TradFi To Launch ‘Trusted Assets,’ According to Chris Burniske
Investor Chris Burniske says the recent controversies surrounding memecoin launches have created an ideal opportunity for traditional financial (TradFi) firms to penetrate the crypto market. The venture capitalist tells his 324,400 followers on the social media platform X that TradFi firms are about to launch crypto-focused products and tokens and show the industry how to effectively raise and preserve capital. According to Burniske, memecoin launches are notoriously bad at capital preservation, which is the total opposite of how TradFi firms operate. “Don’t despair that our worthless memecoins were bad at capital formation, the entire world of capital formation is coming to a blockchain near you… And for what it’s worth, memecoins were remarkable at capital formation, it was the capital preservation that most lacked. Perfect moment for TradFi to onboard their ‘trusted assets’ onto blockchains and have these RWAs (real-worth a...