According to @adriannewman21, current onchain users are largely high-risk crypto traders and show limited appetite for standard RWA products offering 5-8% yields, tempering near-term demand for tokenized bonds, source: @adriannewman21 on X, Sep 5, 2025. The author states that tokenized TCG assets exhibit crypto-like return profiles, implying stronger demand from today’s user base relative to tokenized bonds, source: @adriannewman21 on X, Sep 5, 2025.