#资产代币化 Seeing Coinbase's latest prediction, I have to be honest — I’ve been observing asset tokenization for a long time, and only now do I dare to take it seriously.

Back when the concept of tokenization was everywhere a few years ago, I played it smart and didn’t chase after it much. Why? Because most projects at that time were just conceptual packaging with zero real implementation capability, ultimately becoming tools to fleece retail investors. I’ve seen too many "revolutionary breakthroughs" die quietly in the end.

But this time is different. Coinbase talks about the convergence of four forces in 2026: ETFs, stablecoins, tokenization, and regulation — it sounds like old news, but upon reflection, it’s clear: this isn’t just some project hype, but the entire financial system’s infrastructure being upgraded simultaneously. The US GENIUS Act and Europe’s MiCA framework are both being implemented, and institutional capital structures are shifting towards longer-term horizons.

The key is that this time, there’s regulatory backing. Tokenization without regulation is just a high-level scam. With clear policy boundaries, institutions will dare to participate genuinely, rather than running away under the banner of tokenization like before.

My advice is: observe without chasing the trend. Watch those tokenization projects that have already integrated into traditional financial processes, rather than new concept coins popping up. Real opportunities will come from infrastructure-level applications that can survive regulatory scrutiny, not from projects that raise funds today and run tomorrow.

The most important lesson from long-term on-chain activity is — good projects will wait for you, garbage projects will rush you. Don’t fight it.