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."This episode is brought to you by our sponsors PayPal.Make your crypto move with PayPal. Get started today at PayPal.com/crypto