'The Entire Economy Is Going To Be Tokenized,' Consensys CEO Joseph Lubin Says, Positioning Ethereum As The Winner

Consensys CEO Joseph Lubin said at Consensus Miami (May 5, 2026) that the global economy is moving toward tokenization and positioned Ethereum as the leading blockchain to capture that shift. He argued Ethereum’s reliability, scalability and security provide institutional moats and suggested increased tokenization will burn ETH, reinforcing a deflationary narrative that could support higher prices. The article notes Ethereum already hosts about $16 billion in real-world assets (RWA) including tokenized funds from firms like BlackRock and JPMorgan. Market context: ETH was trading near $2,300, roughly 54% below its record near $5,000.