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Tokenization and the Uncertain Future of Market Access
The Tokenization Moment: How I See the Next Era of Finance Taking Shape
Dipanshu Chaudhry9 min read·Just now--
How Established Systems Lose Stability Under Structural Change
Long-term market exposure facilitates the identification of fundamental changes before they appear in charts or headlines.
What I’m witnessing right now doesn’t seem like a typical cycle. Infrastructure stress is what it feels like.
The fundamental tasks of global finance, such as pricing risk, allocating capital, and absorbing shocks, are still being carried out, but the system is under increased pressure. The acceleration of artificial intelligence, the growth of capital markets, and the digitization of financial infrastructure itself are all simultaneously coming together.
On its own, each of these forces would be important. When combined, they compress time, which is more destabilizing.
Decisions that traditionally unfurled over years now unravel in months. It now takes weeks to make adjustments that used to take quarters. Additionally, organizations that were formed for a slower tempo are being compelled to function in a rhythm that was never intended for them.
However, speed is not the deeper change I keep going back to. It’s access.
The amount of wealth created by markets and the number of people who can actively…
