Global on-chain financial markets depend on more than just good technology. Tokenization representation alone is not enough. A true on-chain economy requires infrastructure where issuance, trading, and settlement operate natively, not through third parties. Traditional markets rely on brokers, CSDs, CCPs, and custodians to function. These layers add friction, delays, costs, and counterparty risk. They fragment liquidity and slow down capitalization.
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This listing marks another step in Walrus's mission to enable developers to launch income-generating applications and users to monetize the value created by their data.