⚡ Check out this chart—tokenized assets currently make up only 0.01% of the total market value of global stocks and bonds. Grayscale believes asset tokenization will grow 100x in the future. This is the opportunity! Real estate, bonds, equity, derivatives, land—these traditional assets share common traits: Large scale → Low liquidity frequency Complex structure → High barriers to entry, high friction costs Slow settlement → Extremely high cross-regional and cross-system costs As a result, a massive amount of assets end up locked locally or within institutions, gradually becoming like unsold houses—nobody wants them. That’s why RWA (Real World Assets) emerging as an "efficiency alternative" is inevitable— Just like ETFs didn’t eliminate the stock market, they simply simplified asset allocation; The internet didn’t create information, it just made information move from monopolies to low-cost replication; Stablecoins didn’t replace the dollar, they just moved dollars out of the banking system and into a global network that runs 24/7. When finer segmentation, faster settlement, and lower barriers to entry become the default, asset migration is just a matter of time! The only question left is: who will lay the pipes first? The one unpredictable factor is whether the SEC will start substantive regulation of RWA next year. I believe this will be the decisive moment for this sector!