Every meaningful evolution in financial markets has solved one of two problems: access or efficiency. The joint-stock company solved access. Electronic trading improved efficiency. Tokenization is pioneering something different from both predecessors. It is the first financial innovation to optimize for access and efficiency at the same time. As of May 2026, stablecoins have surpassed $305 billion in market capitalization. Tokenized real-world assets across funds, commodities, and equities ha...