**[Citrini Report: The Tokenization Wave May Create Winners Beyond BTC and ETH]** Deep Tide TechFlow news, October 9 — According to CoinDesk, renowned research institution Citrini Research highlighted in its in-depth report titled *Breaking the Wall* that the Wall Street-driven asset tokenization wave is set to open vast new markets for the crypto industry. The report suggests that the potential major beneficiaries may not be limited to Bitcoin (BTC) and Ethereum (ETH). The analysis states that by converting traditional financial assets like stocks and bonds into digital tokens on the blockchain, it not only enables 24/7 trading but also facilitates the development of smart contract-based services such as lending, payments, and securities registration. Compared to mainstream tokens that primarily rely on price appreciation for profits, decentralized exchanges, lending protocols, and stablecoin issuers that directly serve these business processes and collect fees are likely to experience more predictable explosive growth. Citrini Research emphasized in the report: “We cannot assume that major tokens (such as BTC and ETH) will reach new highs solely due to this trend.” The report further pointed out that even if they surpass historical peaks, there may be “better expressions” in the market compared to the infrastructure of these vertical sectors.