In an interview with Binance's Jessica Walker, Christopher Jensen, Head of Digital Asset Research at Franklin Templeton, stated that institutional entry is accelerating across the board, and 2025 will be a turning point for the integration of traditional finance and blockchain. Jensen pointed out that stablecoins are the first "killer app" in the crypto space to achieve large-scale deployment, not only driving innovation in payment systems but also becoming the base currency pair for all tokenized assets. With regulatory progress (such as the GENIUS Act), institutional confidence is rapidly increasing. He also stated that tokenization is reshaping the financial and asset landscape, and in the future, investors' wallets will simultaneously hold diverse assets such as US Treasury bonds, stablecoins, NFTs, and tokenized real estate, forming a complete on-chain portfolio. He believes, "This institutional entry is real; the market is moving from the experimental stage to a structural adoption stage."