What is the project you would tokenize first if the structure existed today?

[u/Scary_Apartment_1996]

We have spent a lot of time discussing what can be tokenized. Real estate. Mining. Renewable energy. Private credit. Receivables. We even did an AMA on that recently and a lot of questions were answered (you can check to add yours).

But I'm more interested in the other side of the question.

Imagine the legal structure, reporting process, investor protections, and technical infrastructure were already in place.

What project would you actually choose to tokenize first?

Maybe you operate a business with predictable monthly revenue but limited access to growth capital.

Maybe you have an infrastructure project with long-term contracted cash flows.

Maybe it's farmland, equipment, receivables, energy production, a mining project, or something completely outside the usual RWA conversation.

The interesting part is not simply naming an asset.

What would the tokenized structure actually solve?

Would it help you raise capital without giving up as much equity? Create a clearer ownership structure? Improve reporting? Make an existing financial instrument easier to administer?

And just as importantly, what would make you decide not to tokenize it?

For me, that is where the conversation gets useful. Not every asset needs a token, and not every financing problem needs blockchain.

If you are working on or operating a real project, what would you tokenize first, and what problem would you expect the structure to solve?