Grayscale report: Ethereum blockchain has the greatest potential in the tokenization trend

Grayscale released a report titled "Public Chain and Tokenization Change", with the following highlights: In tokenized form, assets can benefit from the functionality of blockchain, including more efficient settlement and the ability to interact with smart contracts; In most cases, the modern financial system is already quite efficient, and tokenization itself may not immediately bring about efficiency gains. Instead, the report argues that the main benefits may come from integrating users, assets, and applications onto a common global platform; From the perspective of the crypto market, while a variety of assets may benefit from the tokenization trend, the assets with the most potential may be protocols that can provide a universal global platform. Currently, Grayscale Research believes that the Ethereum blockchain is most likely to achieve this purpose in the future; The first application of tokenization technology is stablecoins, which tokenize the simplest and most liquid asset - cash. After stablecoins, the next tokenized asset to be more widely adopted is gold; The latest wave of tokenization is mainly concentrated in two different markets: U.S. Treasuries and closely related assets and credit products.