A recent report from an industry research机构 has poured cold water on the scene. The conclusion is straightforward: tokenizing stocks on the blockchain won't cause crypto assets to skyrocket immediately. It sounds a bit harsh, but upon reflection, it's very clear.

Many people's imagination is like this — once stocks of Apple, Tesla are tokenized and on-chain, public chains like ETH, SOL could take off. But the reality is far from that simple. In the short term, the benefits we can see are actually limited. First, increased trading fees boost exchange revenue; second, on-chain storage demand creates network effects, though these effects are currently still very weak.

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

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

For 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. Honestly, this theme won’t move the market significantly in the short term and is prone to become a trap for latecomers. It’s not worth risking for this.

**The long-term direction is clear.** If you want to get involved, focus on infrastructure, not just concept tokens. Pay attention to projects that are conducting compliant token issuances, building trading platforms, and truly connecting DeFi ecosystems. The value growth of these infrastructure builders is steady and resilient.

**Positioning strategy.** Hold your BTC and ETH spot holdings without selling. At the same time, add “stock tokenization” to your long-term watchlist, tracking substantive regulatory progress and genuine institutional capital deployment. These two signals are the key triggers that could ignite this potential trillion-dollar market.

In essence, this isn’t good news that will pump prices tomorrow, but rather a slow variable that could reshape the financial landscape over the next five years. The truly smart money is already quietly positioning itself. If you see the value in this trend, it’s better to start consciously monitoring and accumulating related assets. Time always favors those who are prepared.