I stumbled upon this article today and must share it, especially the first paragraph at the beginning As is well known, I have always been involved in Bullish RWA, especially in the tokenization of assets such as US stocks, gold, and commodities. I have previously written that the first knockoff I bought was the 2017 Bitmain chain But before, I thought more from the following three perspectives I personally, as well as many similar retail investors around the world, have a need to purchase various US dollar assets through stablecoins 2. The US government can expand its dominance of the US dollar through the output of stablecoins, and when the volume is large enough, it can even help with debt securitization. The tokenization of US stocks is the best way to export US dollar assets globally 3. tokenizing US stocks can achieve "power expansion", allowing stocks to have more interesting functions and gameplay beyond dividends and voting And this article approaches it from a perspective that I never thought of before - the balance sheet The core idea is that the friction generated by the "packaging" of assets in the entire financial industry is enormous, and tokenization is a very good solution I will translate the first paragraph directly and put it here for everyone's understanding “ The impact of tokens on the capital market will be similar to the impact of containers on global trade. The financial industry is facing a costly "packaging" problem. Each asset has its own packaging and runs on its own operating system: mortgage loans include a series of contracts, PDF files, databases, and service relationships; The equity of a private equity fund includes a subscription agreement and a line record in the transfer agent's electronic spreadsheet; The circulation of stocks involves the record chain of brokers, custodians, and custodians. There are countless examples like this. Although these funds exist on balance sheets around the world, without specialized operational procedures, most of them still cannot flow freely between institutions. This friction slows down the speed at which capital is redeployed to new businesses, infrastructure, housing, and other productive uses. When assets flow between different institutions, they usually need to be dismantled, verified, coordinated, and then reintegrated into the receiving institution's system. The reason why there are so many jobs is largely due to different institutions holding different descriptions of the same underlying assets and equity. On a global scale, this fragmentation has brought enormous hidden costs to society: assets worth almost $180 trillion Tokenization fundamentally solves this problem. Tokens provide a standardized, machine-readable interface for assets or financial claims. Once assets can be identified and used on a shared network, exchanges, lending institutions, custodians, service providers, and software applications can interact with them without having to rebuild the financial stack every time. Ultimately, this will build a path to a capital market that operates on a universal programmable track - where asset flows, settlements, and applications will be smoother. Using containerization as an analogy to how tokenization will change the world yields the best results. ”