#代币化资产 Seeing the data in the a16z report, I feel a bit emotional. The trading volume of stablecoins has reached $46 trillion, surpassing PayPal by 20 times and approaching three times that of Visa. This growth rate is indeed impressive. But what I want to say is not how dazzling this number is itself, but a reality behind it — the wave of traditional asset tokenization has already taken shape, and more forms of wealth are being redefined.

What does this mean for us ordinary investors? Opportunities definitely exist, but more importantly, we need to recognize one point: while tokenized assets open up new possibilities, they also amplify the risk dimension. Traditional assets like US stocks, commodities, and indices being on-chain may seem to lower the barriers and make participation easier, but the complexity of decision-making has actually increased.

I suggest everyone ask themselves three questions before engaging with these emerging assets: First, do I clearly understand the fundamentals of this asset? Second, are my risk tolerance and position planning reasonable? Third, am I chasing the trend, or do I truly believe in its long-term value? Honestly answer these questions before deciding on your allocation ratio. Long-term steady returns often come from respecting risks and having a clear understanding of your own capabilities, rather than blindly chasing new concepts.