🌐⛓️ Tokenize the World We've entered a global race to tokenize money and capital markets. How should investors think about this transition? ⛓️The Shift • Financial assets are migrating to blockchain rails because tokenized assets are cheaper to operate • The cost advantage applies at every layer of the financial stack • The addressable market is all financial assets, across every jurisdiction 🏁 The Race • Nations that tokenize their money and capital markets can gain access to cheaper sovereign debt and a lower cost of capital for their companies • The United States is trying to build a dominant position through regulation (Genius & Clarity) • Every other major economy is now accelerating to avoid falling behind 💰 The Opportunity • Blockchains and tokenized asset issuers are private operators building Internet-scale, public financial infrastructure • Government-industry alignment (and backing) is increasingly explicit and accelerating • The winning blockchains and issuers could grow into the world's most valuable businesses over the coming decade A development to follow 👇