Leo Mizuhara is the founder and CEO of Hashnote — a digital asset management platform that aims to provide institutions with a regulated gateway to DeFi.

In this episode of The Scoop, Mizuhara explores the recent hype around tokenized real-world assets and examines some of the hidden risks under pinning this sector of the digital assets market.

According to Mizuhara, many purported 'tokenized' T-Bills are not actually providing direct exposure.

"I think it's a giant misnomer — it's really dumb that people are calling them tokenized treasuries... People are tokenizing ETFs, people are tokenizing SPVs, they're tokenizing funds — I've literally seen nobody actually tokenizing the Treasuries or the T-Bills themselves."

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