Back in 2022, in the aftermath of the collapse of #FTX - Paul Goldman and I formulated what became the first Collateral Mirroring Program whilst I was at Franklin Templeton. Back then I expected collateralization to become the 'glue' binding digital forms of value transfer. It's gratifying to see an idea become reality and then to be accepted so widely. We're still only exposing the 'tip of the iceberg' on how blockchain-based systems will permeate and transform #financial services. Just as electronic trading accelerated following the U.S. Securities and Exchange Commission 1975 mandate on negotiated commission rates - forcing firms to modernize operations and cut costs. Fund tokenization represents a similar paradigm shift to the rise of electronic trading in the 1990’s, and is expected to follow a similar adoption curve: a slow build, regulatory clarity, and then exponential growth. Since the bifurcation of #cryptocurrency and #blockchain technologies in 2024, tokenization has emerged as one of the most closely watched innovations in financial markets. Multiple pundits have projected the size of tokenized fund assets to range anywhere from $1.9 trillion to as much as $50 trillion by 2030. Current volumes, however, remain modest at approximately $5.7 billion, albeit up sharply from just $100 million in 2022. This rapid growth demonstrates momentum, but the pathway to achieving the higher projections will remain unrealistic until tokenization transitions from its current experimental phase into an exponential growth trajectory. Since the bifurcation of #cryptocurrency and #blockchain technologies in 2024, tokenization has emerged as one of the most closely watched innovations in financial markets. Multiple research houses have projected the size of tokenized fund assets to range anywhere from $1.9 trillion to as much as $50 trillion by 2030. Current asset inflow volumes, however, remain modest at approximately $5.7 billion, albeit up sharply from just $100 million in 2022. This rapid growth demonstrates momentum, but the pathway to achieving the higher projections will remain unrealistic until tokenization transitions from its current experimental phase into an exponential growth trajectory. The #catalyst for this inflection point will not be a single event but rather the convergence of several enablers: the establishment of a legally recognized clearinghouse infrastructure, regulatory clarity across jurisdictions, institutional‑grade custodial solutions, deep pools of institutional liquidity, accessible retail distribution channels, and low‑cost settlement rails. #crypto #blockchain #pulse #defi #innovation #pulse #digital #tokenization