We throw the phrase around constantly. You throw it around. I throw it around. The entire industry throws it around. “Tokenization is inevitable.” But why? Because look at what we’re actually talking about. We’re talking about taking financial assets that have existed for decades, sometimes centuries, and moving their representation, ownership records and the processes around them onto blockchain infrastructure. We’re talking about markets that currently operate within different systems, with different intermediaries, restricted operating hours, settlement delays and geographical limitations. Tokenization has the potential to change that. 24/7 markets - Financial assets that can be transferred and settled beyond traditional market hours. Faster settlement - Reducing the time and complexity involved in moving assets between parties. Greater accessibility - Making certain asset classes available to a wider range of investors. Programmability - Assets that can interact with smart contracts, automated payments and DeFi applications. Global distribution - The ability to distribute financial products across borders and connect previously disconnected markets. Operational efficiency - Reducing reconciliation, paperwork and unnecessary intermediaries. And perhaps the biggest reason? The underlying technology doesn’t need to replace the entire financial system overnight to become valuable. It just needs to make certain parts of it work better. That’s why I believe tokenization is inevitable. Not because every asset will be onchain tomorrow, not because every token will succeed, and certainly not because every financial institution will use the same infrastructure. But because the advantages of bringing financial assets onto programmable, internet-native infrastructure are becoming increasingly difficult to ignore. The question isn’t whether tokenization has a future. It’s what that future actually looks like, who builds it, and how much of the existing financial system eventually moves onchain.

Apparently, a company rejecting one particular tokenisation venue means the entire tokenisation thesis is dead. Well, okay then. Maybe take a minute to actually read what these companies are saying before declaring the industry bearish. JPMorgan, for example, said: “We are encouraged by the potential of tokenization but also need to be thoughtful about how our shares are represented and traded. We’ve decided not to participate in this venue at this stage but will continue to evaluate opportunities as the market develops.” Read that again. Encouraged by tokenisation. Not participating in THIS venue. Still evaluating opportunities. There’s a rather important distinction here that seems to be getting lost. Not every company will want every asset represented, issued or traded through every platform. That’s not a rejection of tokenisation. That’s a company deciding how it wants to approach an emerging market. But I suppose nuance doesn’t generate as many bearish quote tweets.

We're finalising our @ethereum RWA report and ecosystem map 🐘 200+ projects mapped so far, from BlackRock and J.P. Morgan to the protocols putting tokenized assets to work. Building RWAs on @ethereum? Reply below and we'll make sure you're on the map.

The AMC and Robinhood debate raised an interesting question about who should have the right to decide whether a stock can be tokenized. What do we think? Should it be the company itself, the issuer offering the tokenized exposure, or should this be decided by regulators? Discuss

The key to winning is being relentless. When you think you can’t possibly do any more work, there’s more to be done. When you think you can’t ship anything else, you can. When you think you’ve hit your limit, there’s another level. Most people stop when it gets uncomfortable. Don’t be most people.

You can now search the RWA ecosystem by keyword on 🔍 Type “stocks” and every tokenized stock issuer comes up, from @Ondo and @xStocksFi to @Securitize, @PreStocks and @DinariGlobal. 1,000+ companies → It’s not perfect yet, but we’re constantly working on making the directory better and making it as easy as possible for people to find exactly what they’re looking for. More improvements to come. 👀

RWAs on @solana grew 4x in a year, from $1.08B to $4.37B, becoming the 3rd largest network by distributed RWA value. With $1.10B in assets tokenized by Securitize, from BlackRock's BUIDL to VanEck's VBILL, Solana is now our largest network. Tokenize the World.

16 companies, 17 tickers. Companies are objecting to their shares being tokenized through the proposed OKXICE platform. But we’ve already seen this debate play out with AMC. AMC CEO Adam Aron recently went after Robinhood for offering tokens linked to AMC stock without the company’s consent, arguing that these synthetic products were effectively fake shares and questioning how the practice could be legal. Robinhood maintains that its tokens are debt securities providing price exposure, not actual ownership of the underlying shares. Should a company have the right to decide whether third parties can tokenize or create products linked to its stock? Or, if a product is legally structured and clearly communicates what the holder actually owns, should the issuer be able to prevent it from existing? There’s an important distinction between tokenizing actual shares with the associated ownership rights and creating a synthetic product that simply tracks a stock’s price. We need to educate people on these differences rather than treating every tokenized stock as the same thing. But at the same time, should companies have complete control over how financial exposure to their stock is created and traded? Tokenization could open up financial markets to more people, but who gets to control that access? What’s your opinion? Who should get to decide what can be tokenized? - the issuer, the platform, or the regulator?

When buying a tokenized stock, understand exactly what you’re buying & the rights & risks it may hold. Fantastic graphic via @wallycollection & the use of @tokenterminal fact sheets.

A mixture of announcements & some good reads. Better late than never, but never late is better… @crediblefin @Elara_HQ @metricxyz @ArcherExchange_ @FissionXYZ @definikos @minnus @openstocks_hq @anzep13 @judemolloy @BubbleStocksSol @Tokenoya Shoutout to @steinRWA for curating.

Wow… 18 different ways to hold Tesla. Same underlying asset, but potentially very different rights, structures, risks and levels of investor protection. The masses need educating on what they’re actually buying, what backs it, and what rights they have. Tokenization is opening doors, but understanding what’s behind the token matters just as much & it’s our job as an industry to be clear about what’s being offered.

80+ more builders behind RWAs on @solana Trading, credit, stablecoins, payments, banks, real assets and the infrastructure underneath From @JupiterExchange and @Tether to @PreStocks, @maplefinance and @etherfuse