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.