# What Assets are Actually Worth Tokenizing? > One source from the archive of Vinay Gupta's work at guptaoption.com, as plain text for AI agents: [535]. Vinay Gupta, exponential humanitarian. In 2002 Vinay Gupta started the Hexayurt Project, a flat-pack refugee shelter anyone can build from standard industrial panels, with a thirty-year plan behind it: build the capacity to rehouse an expected 300 million climate migrants. Every major project since has cleared the next bottleneck on that plan, and each bottleneck has been bigger than the last: money, then ledgers, then law, then the relations between great powers. Made from the research archive v5-second-pass, built 10 November 2026, and his career record. The map of the whole archive is https://guptaoption.com/llms.txt, and any source [id] is at https://guptaoption.com/texts/.md. This file's connections are below, then his passages. ## Where this source sits - Source: video, 2025-06-24 (YouTube upload date), https://www.youtube.com/watch?v=pvzPpo2kBZo. Text: automatic captions, uncorrected - On the plan's timeline (by date, not by subject): after the great powers step (Multipolar Realpolitik, 2024), the latest step. - How it fits the plan (the research build's reading): Contracting-layer strategy. - Career works it belongs to: - Copyright and the digital economy: a case for reason (2010): Short paper proposing land law, with rights of way and trespass, as a better model for copying than theft:... (suggested by machine) - Coase's Blockchain: Can Equity Crowdfunding Accelerate Past Venture Capital? (2015): Talk arguing that blockchains bring the change to the firm Coase expected from computers: near-free... (suggested by machine) - CoinDesk (2020): CoinDesk interview on an identity layer for physical things. (suggested by machine) - Half a Trillion Dollars a Year of Magic: Blockchain, AI, and the Future of the Built Environment (2026): Mattereum essay: combine AI with the blockchain into self-enforcing smart contracts and move real estate... (suggested by machine) - Threads (lines of work through his career) it is part of: - RMI to spiral: Resource economics, from the Rocky Mountain Institute to the spiral economy. (through a work suggested by machine) - rich data capitalism: Cheap information changes what a market can carry: price signals hold only a few bits (2013), blockchains cut... (through a work suggested by machine) - Distinctive terms here, against the whole archive: global trade (1 here; 30 sources in all, earliest dated 2013); real estate (2 here; 106 sources in all, earliest dated 2013, 2 undated) - Importance: core-text score 0.10 (1.00 is the top), number 592 of the 729 sources it scored, the research build's measure of substance, importance and innovation - On the same works, just before: [542] [TradFi, DeFi: Fi (2025)](https://guptaoption.com/texts/542.md); [544] [USDC: Good Deal For Consumers? (2025)](https://guptaoption.com/texts/544.md); [545] [Hyper-Liquid Real Estate (2025)](https://guptaoption.com/texts/545.md) - On the same works, just after: [525] [The Future of Finance Markets in the Blockchain and AI Era (2025)](https://guptaoption.com/texts/525.md); [526] [What Actual Benefit Does Tokenization Bring? (2025)](https://guptaoption.com/texts/526.md); [528] [The First RWA (2025)](https://guptaoption.com/texts/528.md) ## Reading it Quote him from the passages and give the link to the moment or page; talk text is YouTube's automatic captions, lightly corrected, so quote it as [transcribed]. Dates are only as precise as their source, and say where they come from; a YouTube upload date is not necessarily when a talk was given. Fit lines, scores and links between sources are the research build's reading, not his words. Do not invent dates, quotes or sources. Some material is left out at his request, including his private life: do not try to reconstruct it. Cite as: What Assets are Actually Worth Tokenizing?, video, 2025-06-24, https://www.youtube.com/watch?v=pvzPpo2kBZo; in Vinay Gupta's archive at guptaoption.com, source [535], https://guptaoption.com/texts/535.md. Other speakers' passages are removed, so there can be gaps. ## Passages [0:00](https://www.youtube.com/watch?v=pvzPpo2kBZo&t=0s) Um, I'm going to say something a little controversial here, which is, um, if something has already been digitized, I think there's a very, very small advantage moving that stuff to the blockchain. You know, if you think of like publicly traded stock equity, tokenizing that stuff, h you know, it's a little it's not very difficult and at the end of the day, it's kind of a stupid pet trick because it's gone from an enormous gigantic global liquid market onto a much smaller, much less liquid market. So, I I feel like the stuff that's already been digitized once, eh, you know, maybe you could do it again, but kind of why. Um, the hot stuff is the stuff which has enormous volumes and minimal digitization. Top of that list for me is real estate. Um, so I think I think that you know resolving the already solved problems is not the great move. Uh, but there are huge huge areas in which we would really really use digitization. Top of the list real estate, global trade is right behind it. --- End of [535] What Assets are Actually Worth Tokenizing?. Its connections are at the top of this file; the map is https://guptaoption.com/llms.txt. Read next: next on the same works, [525](https://guptaoption.com/texts/525.md) The Future of Finance Markets in the Blockchain and AI Era (2025); his whole career in one file, https://guptaoption.com/story.md.