In short

• Crypto could enter a new bullish cycle, with increasing capital flowing into broader financial markets.

• RWA perps traded for $ 2.2 billion in the third quarter, and their narrower structure explains why

• Tokenized stocks rose by 390% this year, but they still only cover a fraction of global equities

• The biggest shift could come from value accrual for tokens, and it can determine which assets actually benefit.

Read the original story: 5 financial layers can drive the next crypto bull market by BloFin Research on no.beincrypto.com