Grayscale Research Director: The tokenization market is entering a "tiered trend," with institutional chains likely to benefit first

According to Odaily, Zach Pandl, Head of Research at Grayscale, stated that the current tokenization market is still in its early stages, with a scale of about $27 billion, accounting for only approximately 0.01% of the global capital market. However, it is expected to grow to nearly $19 trillion by 2033. The development of the tokenization market will advance in phases, with investment opportunities being "released gradually." In the early stage, permissioned networks likely dominated by institutions, such as Canton Network, are expected to gain traction; in the medium term, a hybrid model may emerge, and networks with subnet architectures like Avalanche are set to benefit; in the long run, Ethereum could become the foundation for global decentralized finance, although its adoption pace may be relatively slow. (CoinDesk)