State Street Global Advisors has indicated that tokenization of bonds is imminent, with the current market for tokenized UST reaching $2.2 billion. The tokenized bond sector is being recognized as a foundational element of on-chain finance, providing reliable yields and viable payment solutions. Despite a broader market downturn impacting real-world asset (RWA) tokens, the sector has shown resilience compared to AI and GameFi. Franklin Templeton has launched tokenized assets on the Aptos blockchain, while Kin Capital has introduced a $100 million tokenized real estate fund. The current landscape suggests that tokenization offers greater accessibility and transparency for retail investors, alongside increased liquidity and reduced operational costs for institutions. Experts believe that the future of finance is leaning towards tokenization, with significant growth potential in this area.