Thanks for the discussion @RT_Watson. We’re still in the early innings of tokenization, but momentum is clearly building. Treasuries and stablecoins have already shown that blockchain can improve settlement speed, cost efficiency, and access to financial products. The ability to issue and settle equities on-chain opens the door not just for institutions, but for individuals as well—expanding access to traditionally gated markets and enabling entirely new financial use cases, from real-time collateralization to fractional ownership. Unlike traditional equity markets, which often rely on fragmented infrastructure and delayed settlement, tokenized equities offer a faster, more accessible, and more programmable alternative. If issued with the right regulatory and infrastructure guardrails, tokenized equities (and other financial assets) have the potential to significantly expand both the diversity and scale of assets being transacted on-chain.