Proof-of-human is becoming the scarcest resource on the internet. Every advance in AI agents is equally an advance in bots indistinguishable from people. When most traffic is synthetic, verifying a unique human becomes base-layer infrastructure. That's the thesis behind @world_id, and why we're excited to continue partnering with World.

crypto is no longer one industry — it's at least 4: 1. stablecoins + payments 2. Bitcoin, crypto asset class 3. tokenization + onchain financial services (defi) 4. blockchain infrastructure they are of course inter-related. but increasingly divergent in context which is part of the mixed vibe right now

“great institutions are wrappers around a kind of person. Many compete on cash, which is the least interesting form of talent competition. Cash can close people, but it rarely converts them. The best people are most loyal when the company can offer something more specific than money: a path to becoming the version of themselves they already wanted to be, or did not yet know they wanted to be.”

These guys built an IFTTT / Zapier type of automation platform for prediction markets that lets you deploy my Nothing Ever Happens bot, or copy trade, or whatever strategy you want, without knowing anything about how to code or deploy apps. Full disclosure, prediction markets are high risk and the total loss of your funds is more likely than profit so be warned. And they're apparently routing fees to me, so I do have some motivation to share this. Although this isn't a sponsored post, I wasn't aware of them until just now, and I imagine any routed fees will probably be minuscule. The whole 'workflow that thinks' approach is probably safer and more reliable than pointing Claude at something like this and praying that it doesn't make a mistake. I'm sure these guys are taking a % for their service but that's the tradeoff

Pantera Capital has dropped a 37 page State of Tokenization report. Inside of it, they released the Tokenization Progress Index (TPI) tracking 593 assets across a $320.6 Billion market based on 3 dimensions of onchain maturity. Here is a summary of Pantera's report🧵

🚨NEW EP ALERT: The State of Tokenization in 2026🚨 In today’s episode, we’re diving into the state of tokenization, unpacking what “real usage” actually looks like beyond headlines. Plus, the TradFi onchain vibe shift happening at conferences. We discuss: - The suits takeover and the Agora side-event - TradFi players moving onchain (Bloomberg, S&P, and more) - “Crypto is fintech now” and the industry narrative split - State of Tokenization dashboard - Transferability vs composability: what actually makes assets useful - Permissioned wrappers, regulatory constraints, and 24/7 markets - How DeFi can learn from curated collateral standards (Morpho) - Why real estate is uniquely hard to tokenize - Better tokenization metrics: wallets, velocity, volume, DeFi deployment - Perp rails and Hyperliquid catching TradFi attention - What’s next: how much TradFi volume moves onchain And more—enjoy — Timestamps: (00:00) Intro (03:21) TradFi moves onchain (04:35) Crypto becomes fintech (15:57) State of tokenization dashboard (20:55) Redemption frictions and heatmap (27:21) Morpho collateral rating lessons (30:35) Wrappers vs composability limits (36:55) Real estate tokenization problems (41:35) Metrics beyond tokenized value (44:22) Perps and Hyperliquid draw (52:27) Outro

the trillion-dollar tokenization migration is underway. but most of today's $321B of tokenized assets are "dumb" wrappers, not products that will carry the next decade of capital markets what comes next? introducing our State of Tokenization report:

Every convo I've had this week at @MilkenInstitute and Medici has invariably touched on tokenization We're far past whether this is a question of "if" Ton of great work here from my colleagues @FranklinBi @sui414 @0xallyzach

Proud to launch Pantera's Tokenization Portal and Q1 Report with @0xallyzach @FranklinBi! The biggest surprise from our study of the $320B market: Most tokenized assets are still Wrappers — by design, not by accident.

Heading to Asia for the next few weeks to chat about stablecoins, tokenization, and the AI agent economy: Hong Kong - Shenzhen - Shanghai - Seoul. I'm always invigorated by feeling what's actually happening on the ground in Asia. It's more important than ever when you consider: 1) Hong Kong just granted its first two stablecoin licenses to @HSBC and a @StanChart JV to begin modernizing one of the world's oldest currencies. 2) "Raising lobsters" as THE viral phenomenon in China this year, where literal crowds gathered for public @openclaw workshops. 3) Shanghai is building cross-border blockchain rails for trade finance in the world's largest and busiest trading port by container throughput for the last 16 years running. 4) Shenzhen is running a blockchain-based trade verification platform to unlock credit rates as low as 3% for companies at the heart of the world's robotics industry. 5) South Korea holds more crypto investors than stock investors - 32% of the population holds digital assets - and just opened the market to ~3,500 listed companies + new stablecoin and market structure legislation. Excited to meet founders, institutions, investors, and partners across Asia + soak up a ton of learning & first-hand experience! First stop: speaking at the Hong Kong Web3 Festival (@festival_web3 ) next week. DM / find me if you're around!

big shift in how Wall Street thinks about tokenization nowadays: tokenization isn't just a back-office experiment anymore, cutting costs & upgrading to 24/7 systems. it's the new front-office opportunity ($$$): net-new customers, AUM growth, global distribution, product creation. I got to dive into this in our latest episode of Stateful with Sandy Kaul, Head of Innovation at @FTI_US, and @iandebode, President at @OndoFinance. Trailblazers at the frontier of tokenized assets, who have partnered to bring Franklin Templeton ETFs onchain via Ondo. in this conversation, we discussed how capital markets are coming onchain: - 100% of Franklin Templeton’s digital asset AUM comes from net new crypto-native customers. - Ondo’s tokenized ETFs: permissionless, 24/7, usable as #DeFi# collateral, like stablecoins for stocks - AI agents will need blockchain rails to execute 183 trillion in machine-to-machine transactions - a crypto whale bought $50M of Google stock in a single trade - smart wrappers vs. dumb wrappers: the future of assets is software first and #AI-native# - the headline for "Mission Accomplished": net new inflows to on-chain tokenized products exceed off-chain flows - the "rookie mistakes" at the start of their tokenization journeys - what’s next for both: equities perps, on-chain portfolio construction, and Franklin Crypto’s multi-manager platform