Tokenized collateral has the potential to unlock significant capital and reshape liquidity management. The question is how markets get there. Our latest white paper, Collateral Infrastructure for Tokenized Capital Markets, outlines the business case for adoption. The path forward is the focus of Part 2 of our series on the Great Global Collateral Experiment, where Joe Spiro and Thomas Sullivan return to discuss DTCC's Collateral AppChain and the infrastructure designed to support the next phase of collateral management. Continue the conversation:

Tokenized Treasuries are increasingly becoming an infrastructure product for stablecoin issuers. Stablecoins are expected to grow ~10x by the end of the decade, adding roughly $2.7 trillion of new onchain dollar supply. Tokenized Treasuries are at roughly $13.7 billion today.

Tokenized stocks in crypto in 6 months: "We regret to inform you that your third-layer Anthropic SPV interest has been voided by Dario and swapped 1:1 for TAO tokens. Thank you for choosing PreStocks."

Tokenized money market funds could become the backbone behind how institutions launch and manage stablecoins at scale. 👉 I discussed this and much more on Wednesday’s episode of The Daily Wolf on @YahooFinance.

Tokenized RWA growth is accelerating. Distributed value now sits at US$31.4B, with two-thirds added in the past year alone. Yet penetration remains just ~0.01% of the core addressable market. Even sub-1% by 2030 implies a trillion-dollar market ➡️

"Tokenized Real World Assets are one of the most important catalysts for crypto going mainstream." The shift @ellazhang516 is watching: → Tokenized stocks taking off on Ondo, Binance, etc. → Pre-IPO shares — SpaceX, OpenAI — becoming accessible on-chain → Treasury, sovereign credit, real estate, startup equity... all moving on-chain The most valuable assets in the world have always been gated. Tokenization changes who gets in.