[Davos Consensus Divided: Tokenization Direction Confirmed, Sovereignty Boundaries and Financial System Trust Foundations Still Controversial] According to Caixin, as AI nearly 'dominated' the entire World Economic Forum 2026 Annual Meeting, virtual currencies, once a hot topic in Davos, have returned to the spotlight. Representatives from traditional banks, regulatory agencies, and crypto industry leaders engaged in a heated and in-depth debate on whether tokenization is on the verge of an explosion, how digital currencies are reshaping sovereignty boundaries, and the trust foundations of the financial system: 1. Coinbase CEO Brian Armstrong pointed out that tokenization solves the efficiency challenges of the financial system, enabling real-time settlement and reducing costs. However, its core strength lies in the 'democratization of investment access.' 2. Euroclear CEO Valérie Urbain views tokenization as an 'evolution of financial markets and securities,' potentially shortening issuance cycles, reducing issuance costs for issuers, and helping markets 'reach a broader range of investors,' thereby contributing to 'financial inclusion.' 3. François Villeroy de Galhau, Governor of the Bank of France, argued that increasing investment opportunities must go hand in hand with improving financial literacy; otherwise, tokenization could turn into a disaster. 4. Standard Chartered Group CEO Bill Winters bluntly stated that while achieving tokenization of the majority of transactions by 2028 may be slightly optimistic, the direction of 'most assets ultimately being settled in digital form' is irreversible. 5. Ripple CEO Brad Garlinghouse quoted former Federal Reserve Chairman Ben Bernanke, saying that governments will not relinquish control over the money supply. Ripple's current strategy leans more toward building a bridge between traditional finance and decentralized finance rather than challenging sovereignty itself.