The question of whether tokenized assets and RWAs should exist as bearer instruments onchain deserves serious consideration. From a practical standpoint, there are significant security concerns worth thinking through. If your entire wealth were stored through self-custody at home—completely digital yet entirely self-managed—the real-world risks become hard to ignore. History shows that concentration of wealth has always attracted unwanted attention. Without proper institutional safeguards or intermediaries, individuals holding substantial digital assets at home could theoretically face elevated risks: targeted theft, home invasions, coercion, or worse. This isn't about being paranoid; it's about acknowledging human nature and how valuable targets have always worked. Many believe the ideal structure for RWAs and major tokenized holdings shouldn't rely solely on self-custody models for this exact reason. Instead, hybrid approaches combining institutional protection with user sovereignty might offer a more realistic balance—giving people control without creating unreasonable personal security vulnerabilities.