Who Will Control the Rails of Tokenized Finance? Inside the Fight To Shape Wall Street’s Next Infrastructure

Key Takeaways Tokenized finance is no longer a technical experiment but an early-stage infrastructure shift. Institutions that engage early gain influence over future standards for custody, compliance, and interoperability. The long-term winners will be platforms that combine regulatory trust, cross-chain connectivity, and seamless user experience. Tokenization is no longer a question of if. It’s a question of who. Across Wall Street, crypto, and global finance, traditional assets—from U.S. Treasu ...