Dharma Insights β€” Operationalβ„– 102 Β· Web3
← The Signalβ„– 102 Β· Web3 Β· September 30, 2025 Β· 1 min read

Tokenization

Tokenization is not digitization. It’s about making assets programmable and composable. πŸ‘‰ A Treasury that settles instantly. πŸ‘‰ A loan that plugs into DeFi. πŸ‘‰ A fund share that moves…

Tokenization is not digitization.
It’s about making assets programmable and composable.
πŸ‘‰ A Treasury that settles instantly.
πŸ‘‰ A loan that plugs into DeFi.
πŸ‘‰ A fund share that moves globally in real-time.

Like ETFs in the 1990s, tokenized assets today are small but scaling fast.

The Four Horsemen driving adoption:
🏦 Yield is back (>4% Treasuries)
πŸ’΅ Stablecoins at scale ($280B+)
πŸ›οΈ Institutions live (BlackRock, Fidelity, Franklin Templeton)
πŸ“œ Regulation catching up

The question is no longer if β€” but how fast?

View all signals β†’