Is Tokenization About to Turn the Financial World on Its Head? You Won’t Believe It!

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So, let me get this straight: Pantera Capital is telling us there’s a “great on-chain migration” happening. What are we, migratory birds now? Can I get a migration snack? 🐦🍔

Apparently, according to Franklin Bi, we’re in the “early days of ETFs” again. Wow, déjà vu! And, maybe, just maybe I should’ve bought a few of those back then. But who knew, right?

He goes on to say, “When the first U.S. equity ETF (SPY) launched in 1993, it crossed $1 billion in AUM within a year.” Right. A billion here, a billion there. Easy peasy! Meanwhile, I still can’t find a decent bagel in this town! 🥯

And wait for it… “the real inflection point wasn’t its size.” Oh really? So it was about its personality? What a twist! Next, they’ll tell me it was about the ETF’s great sense of humor. 😒

But hold on, Bi thinks tokenization will have its moment too, like some kind of underdog sports movie. You know, when underdog shows up to the game and suddenly everyone realizes they’re better than the rest. Cue the inspirational music!

Now, he lists four things that need to happen before we reach this so-called tipping point. Daily on-chain equity volume exceeding $1 billion? Sure, when pigs fly! 🐖✈️ Imagine trying to convince Grandma about that one.

And then he wraps it up with a statement that sounds all high and mighty: “Once the migration is complete, blockchains will be recognized as the default destination for capital formation.” Wow, can you feel that? The excitement… or is that indigestion? 🤷‍♂️

Let’s just hope this tokenization thing doesn’t turn out like those diet fads—promising the moon but delivering… well, a salad. 🥗

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2025-07-23 21:22