#代币化资产 The wave of tokenization of US stocks is worth paying attention to, but it should be viewed rationally. From an on-chain data perspective, currently large funds are still exploring the allocation of tokenized assets, and trading depth and liquidity are far from mature. The interpretation from Web3 lawyers hits the key point — it will not disrupt the existing Wall Street system in the short term, which means that at this stage, it is more about the gradual improvement of policy frameworks rather than explosive growth.

I am tracking several related on-chain contract movements. Currently, signals of institutional inflows are not strong; most are small to medium-sized leading funds testing the waters. The focus still depends on the clarification of policies and the actual allocation actions of traditional financial giants — that is the real signal of increasing capital scale. Short-term hype may be very high, but sustainability depends on practical application scenarios and regulatory progress. It is recommended to stay observant, using on-chain capital flow data as the basis for judgment rather than following the hype of public opinion.