Recently, a report from an industry research institution poured cold water on the scene. The conclusion was straightforward: tokenizing stocks on the blockchain will not immediately cause cryptocurrency assets to skyrocket. It sounds a bit harsh, but upon reflection, the statement is quite clear.

Many people's imagination is like this — once stocks of Apple, Tesla, etc., are tokenized and put on the chain, public blockchains like ETH, SOL can soar. But the reality is far from that simple. In the short term, the benefits we can see are actually limited. Firstly, increased transaction fees boost exchange revenue; secondly, on-chain storage demands create network effects, but these effects are currently still very weak.

The truly disruptive opportunities, such as using stock tokens as collateral in DeFi to borrow money or generate yields, are still on the road. Technology needs further improvement, infrastructure must continue to be built, and regulatory frameworks need to be gradually clarified. This is not something that can be achieved overnight.

But the turning point is here — once this path is paved, things become different. As accessibility and interoperability improve, the benefits will grow exponentially. By then, you will be able to trade stock tokens like Apple on-chain 24/7 on decentralized exchanges, and even directly use them as collateral to borrow stablecoins for leverage. This is like transforming the world’s most mainstream and largest asset pool — the stock market — into Lego blocks that you can assemble at any time in your crypto wallet, with endless creative possibilities. This is the true explosion of network effects.

For us ordinary investors, how should we view this?

**Short-term strategies are key.** Don’t blindly chase projects that are packaged as "stock on-chain" concepts just because of hearsay. Honestly, these themes cannot move the market in the short term and are easy to become bagholders in. It’s not worth risking for this.

**The long-term direction is clear.** If you truly want to participate, the focus should not be on chasing concept tokens but on betting on infrastructure. Pay attention to those working on compliant token issuance, building trading platforms, and genuinely connecting DeFi ecosystems on public chains. The value growth of these infrastructure builders is slow but resilient.

**On holding positions.** Hold your BTC and ETH spot holdings steady. At the same time, add "stock tokenization" to your long-term watchlist, focusing on substantive progress in regulatory policies and the true deployment of institutional capital. These two signals are the key triggers for potentially igniting this trillion-dollar market.

In plain terms, this is not good news that will boost prices tomorrow, but rather a slow variable that could reshape the financial landscape over the next five years. The truly smart capital is already quietly deploying. If you also see the value in this trend, it’s better to start consciously paying attention to and accumulating related sectors. Time always favors those who are prepared.