Watch the video of this interview on Gamma Prime’s YouTube channel:
Interview with Manoj Vembu (Co-Founder and Director at TRST01) and Korath Wright (Director of Capital Markets at Gamma Prime)
In this interview from Gamma Prime, Manoj Vembu of AYM Investment Holdings Inc. explores the advances that could enable mass institutional adoption of Real-World Asset (RWA) tokenization.
Manoj Vembu (TRST01):
Hey, my name is Manoj Vembu. I’m the founder and director of AIM Investments and Rubix. Rubix is an L1 blockchain, and AIM Investments is an RWA tokenization company. I’m glad to be here — thanks for inviting me, Gamma Prime. It’s really a lovely event. I enjoyed the morning panel and look forward to enjoying the rest of the day.
Korath Wright (Gamma Prime):
Absolutely. Well, we’re glad to have you and really glad that we could participate in this together. So, what have you been most excited about so far with the initial panel?
Manoj Vembu:
The whole thing about RWA tokenization is something I’m really excited about. At AIM, we’re launching what we call a SPAC for RWAs — the first of its kind. We aim to raise capital to invest in performing precious mine assets and develop them into productive assets going forward.
Korath Wright:
Okay, perfect. And how are you finding the event so far?
Manoj Vembu:
Quite interesting — I’ve seen a lot of familiar faces in the blockchain space, and I look forward to hearing the general crowd’s opinions about what they’re seeing from an RWA perspective. I think the concepts of tokenization and RWAs will evolve very well. Since the theme itself is about capitalized or tokenized capital structures, I feel there will be strong interest from people who want to understand more about what’s happening in the RWA space.
Korath Wright:
Okay, perfect, perfect. And as far as the broader RWA space — where do you see it going? Where do you see it in two years, in five years?
Manoj Vembu:
That’s a fascinating question. I’m always intrigued by where the entire commerce space is heading. As I mentioned earlier, the global commerce market is about six trillion dollars, and RWAs make up the bulk of it. If we can tokenize even a fraction of that, it’s going to be a game changer. From that perspective, we believe RWAs will be the next major driver in the blockchain space — just as stablecoins and altcoins were in previous cycles.
Korath Wright:
Okay. And how far through that process do you think we are — how far along are we in the tokenization of RWAs?
Manoj Vembu:
Not even a fraction, I’d say. Right now, we’re mainly seeing stablecoins and money market funds being tokenized. From a traditional asset perspective, those are just a small slice of the entire commerce space. If we can extend tokenization across the broader RWA landscape, it will be much, much larger. From that angle, I think that five to ten years down the line, we’ll see some of the major assets in RWA markets entering the mainstream.
We’re already seeing real estate and real-estate-based funds becoming part of mainstream RWA tokenization. But I believe it’s the hard assets — the in-ground assets, the real businesses — that will truly drive the next phase. Equity tokenization is also becoming quite significant. Some of the largest tokenization structures have already been launched in the U.S., and with the U.S. SEC stating that every asset will eventually be tokenized, it’s a great opportunity for all of us.
Korath Wright:
Yeah, absolutely. That’s fantastic — thank you. That’ll be great.
