#传统资产代币化 CoinShares's 2026 Outlook report highlights a data point that caught my attention — tokenized assets surged from $15 billion at the beginning of the year to $35 billion, with private credit and U.S. Treasury tokenization growing the fastest. This isn't some radical creative story; it's a real capital flow.

In the realm of traditional asset tokenization, I believe this marks a critical turning point for follow-trade strategies. Previously, aggressive leverage players were suited to follow purely speculative traders, but now the landscape has changed — BlackRock's BUIDL fund, JPMorgan's JPMD deposit tokenization, these institutional-level moves indicate the market is shifting from a speculation-driven to a cash flow-driven environment.

Honestly, this directly impacts the position-sizing logic for follow traders. In the past, perhaps 70% followed the aggressive side and 30% the conservative side; now I lean towards reversing that. Traders pursuing long-term cash flows, participating in RWA and stablecoin ecosystems, face a gentler risk curve. Although the drawdowns may seem "not exciting," their win rate during this transitional year could actually be higher.

The 50% foreign exchange savings data from Siemens report is also worth noting — it shows that tokenization is not just financial innovation but is actually reducing corporate costs in tangible ways. Once this effect expands, traders involved could see sustained trading opportunities. The key is to find those who are both technically sensitive and not hostage to short-term volatility. Such people are indeed fewer now, but once found, their stability will be much better.