#资产代币化 Seeing JPMorgan complete the issuance and settlement of a $50 million commercial bill on Solana, I am reminded of a very important point: asset tokenization is no longer a future concept, but a present reality.

But here, we need to think calmly. The data is impressive — stablecoin trading volume reached $46 trillion last year, 20 times that of PayPal, and nearly 3 times that of Visa. Traditional financial institutions are entering the space one after another, making it seem like opportunities are everywhere. Yet, it is precisely at such moments that we must remind ourselves to stay rational.

Tokenization has opened a new door, and that is true. But where the opportunities are greatest, the risks are often greater too. I’ve observed many people unable to resist the institutional moves, rushing to follow and bet on the trend. What I want to say here is: what institutions are doing is infrastructure building, not investment advice. Their risk tolerance, research depth, and holding periods are different from ours.

For us investors, we need to consider: in the wave of asset tokenization, is our portfolio still sufficiently robust? Are we breaking our risk limits in pursuit of new concepts? In the long run, this direction is indeed worth paying attention to, but the key is how much capital we allocate to bear this uncertainty — the answer varies from person to person.

It might be helpful to pause and review your asset allocation, ensuring that the proportion of innovative assets remains within a controllable range. The premise of prudence is never missing out on opportunities, but participating with a clear mind.