{"id":96873,"date":"2026-05-06T16:58:12","date_gmt":"2026-05-06T13:58:12","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=96873"},"modified":"2026-05-06T17:00:25","modified_gmt":"2026-05-06T14:00:25","slug":"joseph-lubin-foresees-global-economy-transitioning-on-chain","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/joseph-lubin-foresees-global-economy-transitioning-on-chain\/","title":{"rendered":"Joseph Lubin Foresees Global Economy Transitioning On-Chain"},"content":{"rendered":"<p>Ethereum co-founder and ConsenSys CEO Joseph Lubin has stated that the global economy will gradually transition on-chain. He made this remark at the Consensus 2026 conference, reports <a href=\"https:\/\/www.coindesk.com\/business\/2026\/05\/05\/the-world-s-entire-economy-will-be-tokenized-says-consensys-joseph-lubin\">CoinDesk<\/a>.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;We are moving towards a world where virtually the entire economy will be tokenized,&#8221; noted Lubin.<\/p>\n<\/blockquote>\n<p>According to him, tokenization has moved beyond experimentation\u2014it first took hold in <a href=\"https:\/\/forklog.com\/en\/news\/what-are-stablecoins\">stablecoins<\/a>, then spread to treasury bonds and other real assets.<\/p>\n<p>Traditional financial institutions and regulators are increasingly considering blockchain as infrastructure for the capital market, he emphasized.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Ethereum as a Base for Tokenization<\/h2>\n<p>In a conversation with <a href=\"https:\/\/www.theblock.co\/post\/400171\/ethereum-co-founder-lubin-backs-eth-treasury-firms-calls-dats-profound-innovation\">The Block<\/a>, Lubin estimated the volume of traditional financial assets at approximately $700 trillion. He believes Ethereum is structurally prepared to absorb a significant portion of this flow\u2014thanks to its neutrality, security, and compatibility with <a href=\"https:\/\/forklog.com\/en\/news\/what-is-the-ethereum-virtual-machine-evm\">EVM<\/a>.\u00a0<\/p>\n<p>This is also facilitated by the network&#8217;s inherent architecture, which allows for the issuance of assets without creating a separate blockchain for each one.<\/p>\n<p>The future growth of Ether, according to the expert, is linked to the on-chain transfer of stocks, treasury bonds, <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETFs<\/a>, and other financial instruments.\u00a0<\/p>\n<p>Ethereum already leads in tokenization activity of <a href=\"https:\/\/forklog.com\/en\/news\/what-are-rwas-real-world-assets\">RWA<\/a>: the platform&#8217;s share in the segment, which exceeds $31 billion, is over 50%.\u00a0<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/img-b34313ef4ebf0a1a-3677081260775709.webp\" alt=\"image\" class=\"wp-image-279639\"\/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/app.rwa.xyz\/networks\">RWA.xyz<\/a>.<\/figcaption><\/figure>\n<h2 class=\"wp-block-heading\">Treasury Companies\u00a0<\/h2>\n<p>Lubin described the model of <a href=\"https:\/\/forklog.com\/en\/news\/crypto-treasuries-lose-steam-as-blockchains-hit-a-technical-ceiling\">crypto treasuries<\/a> as &#8220;a valuable, powerful, and important construct for the digital asset space and traditional finance.&#8221;<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">\ud83d\udd25-side with <a href=\"https:\/\/twitter.com\/ethereumJoseph?ref_src=twsrc%5Etfw\">@ethereumJoseph<\/a> and <a href=\"https:\/\/twitter.com\/robbieklages?ref_src=twsrc%5Etfw\">@robbieklages<\/a> live from MainStage <a href=\"https:\/\/t.co\/4eihBoYDYM\">pic.twitter.com\/4eihBoYDYM<\/a><\/p>\n<p>\u2014 #Consensus2026 \u2192 Miami (@consensus2026) <a href=\"https:\/\/twitter.com\/consensus2026\/status\/2051677909073457334?ref_src=twsrc%5Etfw\">May 5, 2026<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Companies accumulating Ethereum and Bitcoin could become a source of long-term capital for the ecosystem, he believes. Among successful examples, the ConsenSys CEO highlighted <a href=\"https:\/\/forklog.com\/en\/news\/strategy-considers-bitcoin-sale-amid-12-7-billion-quarterly-loss\">Strategy<\/a>, <a href=\"https:\/\/forklog.com\/en\/news\/bitmine-expands-ethereum-holdings-to-13-billion\">BitMine<\/a>, and <a href=\"https:\/\/forklog.com\/en\/news\/sharplink-earns-33-million-from-ethereum-staking-and-invests-an-additional-170-million\">SharpLink<\/a>.\u00a0<\/p>\n<p>Such structures are beneficial if they do not abuse leverage, can withstand volatility, and are focused on developing the underlying networks.\u00a0<\/p>\n<p>However, Lubin distinguished these firms from &#8220;superficial copies.&#8221; In his view, launching treasury companies based on &#8220;weak&#8221; tokens or short-lived ecosystems could harm the projects themselves.<\/p>\n<h2 class=\"wp-block-heading\">DeFi Hacks and AI&#8217;s Role<\/h2>\n<p>The Ethereum co-founder also commented on recent incidents in the DeFi sector, including the <a href=\"https:\/\/forklog.com\/en\/news\/kelp-protocol-loses-293-million-following-cross-chain-bridge-attack\">hack of the Kelp protocol<\/a>. ConsenSys and Lubin personally had previously directed 30,000 ETH to the <a href=\"https:\/\/forklog.com\/en\/news\/defi-united-initiative-raises-over-300-million-following-kelp-hack\">DeFi United<\/a> fund, created to restore rsETH collateral.\u00a0<\/p>\n<p>The expert does not view these attacks as evidence of the failure of decentralized finance. He stated that the early financial infrastructure is undergoing a painful strengthening process, with attackers effectively exposing weaknesses in protocols.<\/p>\n<p>Lubin estimates that the coming year will remain unstable. However, he is confident that the development of artificial intelligence will help create more reliable software.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">Quantum Risks<\/h2>\n<p>The ConsenSys CEO separately addressed the topic of quantum computing. He noted that Ethereum&#8217;s transition to quantum resistance is already embedded in the existing scaling roadmap and will become a &#8220;byproduct&#8221; of planned improvements.<\/p>\n<p>The situation with Bitcoin is more complex, Lubin added. In his opinion, the community will eventually need to set a deadline for phasing out vulnerable address types. Such a transition could spark disputes over ownership rights\u2014especially concerning old inactive coins.\u00a0<\/p>\n<p>Previously, the community was <a href=\"https:\/\/forklog.com\/en\/news\/radical-plan-to-shield-bitcoin-from-quantum-computers-sparks-outrage\">outraged<\/a> by developer Jameson Lopp&#8217;s initiative, which proposes freezing assets vulnerable to quantum computers. Around 1.7 million BTC are at risk.\u00a0<\/p>\n<p>Back in September last year, Lubin <a href=\"https:\/\/forklog.com\/en\/news\/joseph-lubin-ethereum-will-surpass-bitcoin-in-market-capitalization\">predicted<\/a> a 100-fold increase in Ethereum&#8217;s price due to mass adoption by institutional players.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Ethereum co-founder and ConsenSys CEO Joseph Lubin stated that the global economy will gradually transition on-chain.<\/p>\n","protected":false},"author":1,"featured_media":96874,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"CEO ConsenSys also supported the crypto treasury model and commented on the wave of DeFi hacks.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,46,1548,1138],"class_list":["post-96873","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-ethereum","tag-joseph-lubin","tag-opinions"],"aioseo_notices":[],"amp_enabled":true,"views":"6","promo_type":"1","layout_type":"1","short_excerpt":"CEO ConsenSys also supported the crypto treasury model and commented on the wave of DeFi hacks.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96873","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=96873"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96873\/revisions"}],"predecessor-version":[{"id":96875,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/96873\/revisions\/96875"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/96874"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=96873"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=96873"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=96873"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}