Back in the day, Crypto loved to say: 'We’re going to disrupt Wall Street.' But looking at things recently, the plot seems to have shifted a bit. Wall Street hasn’t been disrupted. Instead, it’s figuring out how to move its assets on-chain. Nasdaq recently submitted a proposal related to Tokenized Securities, exploring how stocks and exchange-traded products can be traded in tokenized form. The crazy part is: the assets themselves might not change. Stocks are still stocks; ETFs are still ETFs. What’s changing is the way they’re traded, settled, and circulated. This is also why I think Tokenization is worth paying attention to. It’s not necessarily about creating a brand-new financial world. It’s more likely about gradually moving the current financial world onto new infrastructure. If, in the future, traditional assets can circulate more efficiently on-chain, then the boundary between the Crypto Market and the Traditional Market might become increasingly blurred. Sometimes, the biggest changes don’t come from creating something new. They come from old things running in a new way.