Grayscale Research Director: Tokenization Market Enters a "Gradual Growth Phase," Institutional Chains May Benefit First

Zach Pandl, Head of Research at Grayscale, stated that the current tokenization market is still in its early stages, with a size of approximately $27 billion, representing only about 0.01% of the global capital market. However, it is projected to grow to nearly $19 trillion by 2033. The tokenization market will develop in stages, with investment opportunities emerging in a "gradual release." In the early stages, permissioned networks led by institutions, such as Canton Network, are more likely to succeed. In the mid-stage, a hybrid model may emerge, with networks like Avalanche, which have subnet structures, expected to benefit. In the long term, Ethereum may become the platform for global decentralized finance, but its implementation pace is relatively slow. (CoinDesk)