“We can put anything on a blockchain… and it's not going to matter if there's no capital velocity.” Rayhaneh Sharif-Askary, Head of Product & Research at Grayscale Investments, made that clear at ETHDenver 2026. Only “0.02% of all assets have been tokenized.” The constraint isn’t technology — it’s movement. Secondary liquidity emerges when tokenization improves settlement speed, fractional ownership, or 24/7 access. Without that, blockchain wrappers don’t change behavior. She also pointed to a generational shift: future investors may access assets through wallets rather than traditional brokerage rails. The structural takeaway: ✅ Tokenization must improve speed or access to matter ✅ Liquidity follows utility, not labels ✅ Generational adoption could reshape distribution channels ✅ Secondary markets depend on real capital turnover The long-term question isn’t what can be tokenized — it’s where tokenization genuinely increases capital efficiency. Follow me - @Johnny for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejohnnycrypto #bitcoin #tokenization #nostr #grownostr #asknostr #ETH