So many people always feel that the bottleneck of MEME-paired tokenized stocks lies in the time gap between MEME and stock market opening hours, liquidity depth issues, and the inability of on-chain Rebase to align with the stock entity, etc. This concern is valid, but it overlooks the fact that MEME-paired tokenized stocks are a narrative innovation that’s just getting started. 1) In the early stages, MEME-paired tokenized stocks solve one key issue: by leveraging MEME’s trading activity and transaction fees, they increase on-chain buy-side demand and turnover liquidity for tokenized stocks. This creates massive demand for tokenized stocks while also compensating for the lack of value backing in pure MEMEs. One is speculative, the other is grounded—they complement each other. At this stage, the focus is on solving the distribution of tokenized stocks on-chain, with an emphasis on driving traffic and volume. 2) In the mid-to-late stages, once the on-chain depth of tokenized stocks is sufficient, we’ll reach the maturity phase where tokenized stocks can be used as collateral assets in DeFi for lending and liquidation. At this point, risk management will require serious design of oracles, after-hours pricing, and liquidation pathways. It might even push traditional TradFi assets to accelerate their on-chain process, addressing issues like extended after-hours trading, custody verification, and dividend/split rebase mechanisms. These are the ultimate goals of asset tokenization, not bottlenecks. As I always say: MEME-paired tokenized stocks will be a groundbreaking innovation that accelerates the on-chain process of TradFi assets and drives the comprehensive on-chain distribution of stocks!