Svmuu News: As stablecoins validate their product-market fit (PMF) in 2025, the crypto industry is driving the further development of "on-chain dollars" by tokenizing assets such as stocks, ETFs, money market funds, and gold, positioning them as tradable building blocks for on-chain finance.Several industry executives predict that the market size for tokenized assets is expected to grow to approximately $400 billion by 2026.Samir Kerbage, Chief Investment Officer at Hashdex, stated that the current market size for tokenized assets is approximately $36 billion, and the next phase of growth will stem more from a structural reshaping of value transfer methods rather than mere speculative demand.He pointed out that once stablecoins mature as “on-chain cash,” funds will naturally flow into investable assets, serving as a bridge between digital currencies and digital capital markets. The report noted that the size of the tokenized asset market had already approached $20 billion by 2025, with traditional financial institutions such as BlackRock, JPMorgan Chase, and Bank of New York Mellon deeply involved. Tether CEO Paolo Ardoino believes that 2026 will be a pivotal year for banks transitioning from pilot programs to full-scale deployment, particularly in emerging markets, where tokenization can help issuers bypass the limitations of traditional infrastructure.Additionally, Centrifuge COO Jürgen Blumberg forecasts that by the end of 2026, the value of real-world assets (RWAs) locked on-chain could exceed $100 billion, with more than half of the world’s top 20 asset management firms launching tokenized products.Securitize CEO Carlos Domingo noted that natively tokenized stocks and ETFs will gradually replace synthetic asset models and become important high-quality collateral in DeFi.CoinDesk believes that legal clarity, cross-chain interoperability, and a unified identity system remain key prerequisites for the expansion of the tokenization market, but industry consensus has shifted from “whether to tokenize” to “the scale and speed of tokenization.” (CoinDesk)