Recently, I've noticed a severely underestimated phenomenon: $410 trillion in traditional global assets are quietly undergoing a migration.

This isn’t about a new get-rich-quick myth, but rather a reconstruction of the underlying logic of finance. BlackRock is issuing multi-billion dollar funds on Ethereum and pushing for staking ETFs, Goldman Sachs and JPMorgan are testing on-chain settlement for bonds and stocks, and Lido V3 is specifically adapting to institutional regulatory requirements—all of these moves point in one direction: Wall Street is vying for control over future financial infrastructure.

Why Ethereum? Bitcoin is defined as "digital gold," but Ethereum is becoming the "financial operating system." Data shows that the current scale of RWA (Real World Asset tokenization) has reached $29.5 billion, up 178% in just half a year, with 59% of that on the Ethereum network. Once traditional assets like stocks, government bonds, and real estate are tokenized, it means you can invest in commercial real estate with just a few hundred dollars, trade globally 24/7, and enjoy significantly lower fees.

What's even more noteworthy is the competition at the national level. Hong Kong, Singapore, and Dubai are vying to become the "asset tokenization hub," which essentially means fighting for the right to set the rules for on-chain finance. This isn’t a technical experiment—it's the new battleground for financial sovereignty.

For individuals, the opportunity isn’t in speculating on coin price swings, but in understanding the migration of wealth vehicles. When assets move from paper ledgers and centralized databases to open and transparent blockchain ledgers, those who adapt to the new rules first won’t be left behind in this migration.

I have a question and would like to hear your opinions: among stocks, government bonds, and real estate, which type of asset do you think will be the first to achieve comprehensive tokenization?