# Is RWA the next bubble in crypto finance?

Tristero Research has just dropped a bomb: while everyone celebrates that real assets (RWA) are coming to blockchain, systemic risk is silently building.

The problem is more subtle than it seems. When loans, real estate, and bonds are tokenized, people believe they gain transparency and liquidity. Reality: they become weapons of mass destruction in a 24/7 market without pauses.

**The chain panic that nobody sees coming:**

In 2008, the crisis slowly brewed—defaults were increasing, and no one saw the problem until it was too late. In blockchain, that same process occurs in **minutes**. When oracles fail, collateral parameters are demoralized, or there is FUD on social media, a domino effect of liquidations is triggered.

Now the RWA derivatives ( "RWA-squared" ) are arriving. Think about this: stablecoins anchored in real assets, leveraged 5-10x, being traded by bots at the speed of light. If a real estate loan on-chain starts to fail, it's not just the token that falls—it drags down everything that depends on it.

**The alarms that the market ignores:**

- Centralized oracles = single point of failure
- Collateral parameters designed for bull markets
- Regulation still blank while AUM in RWA grows

Tristero Research is saying: better start securing the architectures now, or in 18 months we will be here debating "how no one saw it coming".

The question is not whether there is risk. It's when it explodes.