We have entered a race to tokenize global monetary and capital markets: 🏦 The blockchain and tokenized asset issuers that emerge victorious in this race are likely to become the world's most valuable companies within the next decade. 👥 Tokenization transforms 5.6 billion internet users into potential buyers of US dollars and bonds (through stablecoins) and US securities (through tokenized stocks). 💳 The tokenization of stablecoins backed by US Treasury bonds and US stocks creates new investor demand, thereby reducing (i) borrowing costs for the US government and (ii) capital costs for US companies. 🔄 The result is a powerful growth flywheel: lower-cost capital access → more reinvestment → higher-quality products, ultimately manifested in a stronger dollar and a consolidation of US corporate global dominance. 💹 The institutions issuing these assets and their underlying blockchains will have the opportunity to build generational succession businesses aligned with the strategic interests of one of the world's most powerful governments. 🌎 The economic advantages of asset tokenization cannot be ignored, so we believe that all other major countries and regions will follow the US approach in terms of stablecoins and asset tokenization.