FT Partners CEO Steve McLaughlin on tokenization:

"Money moving around the world, assets moving around the world, taking all the friction out of that stuff, that's going to be massive. And that's just a huge wave that's barely started."

The tokenization thesis in one quote. We're still so early on real-world asset flows hitting the chain. When TradFi fully wakes up to instant settlement + 24/7 markets + programmable rails, it's going to be a different game.

The infrastructure play is just getting warmed up.