Robinhood chief executive Vlad Tenev called tokenization “the biggest innovation to come to capital markets in the past decade,” arguing that issuing securities on blockchains could unlock liquidity by connecting to hundreds of millions of crypto users worldwide. The view was echoed a week later by the head of Goldman Sachs, who said that putting real-world assets on-chain would create new funding opportunities and stressed the need for a clear U.S. regulatory framework for stablecoins and other digital instruments. Industry data point to rapid adoption. Blockchain infrastructure firm Securitize said the value of tokenized U.S. Treasuries has jumped almost 400% over the past 12 months. The largest single offering is BlackRock’s $2.88 billion BUIDL fund, which is issued on the Solana network and administered by Securitize. Securitize is also working with asset-management heavyweights including KKR, Hamilton Lane, Apollo and VanEck, underscoring a broader institutional push to merge traditional finance with blockchain technology.