Recently, there's a particularly interesting phenomenon: U.S. stocks and precious metals have hit new highs driven by the AI boom, while the crypto market is bleeding. Many people joke that "the end point of the crypto world is the U.S. stock market," and some have even withdrawn entirely.

But have you ever thought about how these two seemingly parallel wealth lines are converging through a method called "asset tokenization"? Moreover, from last year to this year, top institutions like BlackRock and Coinbase have pointed in the same direction in their outlooks.

This isn't simply about moving stocks onto the blockchain in a rough manner. Let's talk about the real logic behind this.

**What the heck is tokenization?**

In simple terms, it's turning U.S. stocks (Apple, Tesla, Nvidia, etc.) into tokens on the chain. These tokens typically represent 1:1 backing of the actual stock's equity and value, issued, traded, and settled via blockchain. It sounds complicated, but in one sentence: U.S. stocks become programmable digital assets.

Compared to traditional securities, tokenized U.S. stocks gain liquidity advantages on the chain, 24-hour trading capability, and cross-border settlement convenience. For global investors, this is a complete upgrade.

**Why now?**

The market logic over the past year has been clear: productivity dividends and AI narratives have driven up U.S. stock valuations, while the crypto market has struggled amid cyclical liquidity tightening. But precisely because of this divergence, institutions see an opportunity — through tokenization, to connect investors from both worlds.

BlackRock and Coinbase's judgments are not made out of thin air. Tokenizing U.S. stocks can not only inject real asset backing into the crypto market but also provide traditional investors with 24/7, seamless trading experiences. It's a win-win situation.

Several trading platforms are already laying out on this track, from compliant platforms to DEXs, all trying to bring U.S. stocks onto the chain. The process has just begun, but the direction is already clear — asset tokenization is not a toy for the crypto world, but the reconstruction of the next decade's financial infrastructure.