Nasdaq CEO Adena Friedman stated that tokenization could unlock hundreds of billions of dollars in capital currently trapped as collateral within the global financial system. She noted that tokenizing assets such as Treasury bonds, stocks, money market funds, and cash flows could enhance collateral liquidity. Speaking at the TOKEN2049 conference, Friedman mentioned that institutional interest in tokenization has grown over the past year, partly due to the establishment of a regulatory framework for stablecoins by the U.S. "Genius Act." She also emphasized that achieving a 24/7 market requires continuous processes like risk and collateral management, and artificial intelligence (AI) will be key to realizing this goal.