#资产代币化 I recently came across a few pieces of news, and it really made me feel quite emotional. Galaxy Digital is listed on NASDAQ but chose to tokenize its shares on Solana; the government of Bhutan is issuing a sovereign-backed gold token TER; Animoca Brands is also following suit with equity tokenization—these actions by major institutions are all pointing in the same direction: asset tokenization is no longer just a concept but is actually happening.

But this also reminds me of an important point: opportunities and risks often go hand in hand. Watching these innovations, I don’t get blindly excited; instead, I remind myself of a few key principles. First, no matter how promising a track may seem, it’s essential to control your position size. The volatility in emerging fields often exceeds expectations, and even seemingly "safe" tokenized assets still face risks related to liquidity and regulation that are still being explored. Second, when choosing to participate, make sure you understand exactly what you are buying—are you benefiting from technological innovation, or just riding the tail of a hype cycle? Lastly, a long-term mindset is truly crucial. The development of these infrastructures takes time, and real value realization won’t happen overnight or in a couple of months.

Tokenization is the direction, but what we need to do is steadily move forward along this path, rather than being swept away by the tide.