Adoption Wave & Infrastructure - Speculative eras drive onchain opportunists, but this wave is expected to be the 'stickiest' due to improved infrastructure and UX [1] - The industry now possesses the necessary infrastructure and improved UX to win over more sustained adoption than before [2] - Solana successfully managed a $600 million ICO onchain, highlighting infrastructure improvements [2] - The availability of fast chains and altDA further supports this stickiness [2] Shifting Perceptions & Institutional Demand - Perception around crypto has shifted, particularly regarding institutional demand, which focuses on long-term (5+ year) results [3] - Companies focused on RWAs, stablecoins, and tokenization contribute to this stickiness, playing a different game than treasury companies [4] Opportunities & Retention - The breadth of opportunities available to users, including social apps, InfoFi, DeFi, NFTs, games, tap trading, prediction markets, stablecoin yields, and tokenized equities, increases the likelihood of user retention [4][5] - The primary goal is to increase long-term retention from speculative booms to expand the onchain user base [5] - The industry anticipates much higher retention rates over the next 12-18 months compared to previous eras [5]

Tokenized Stocks Overview - Tokenized stocks offer real-time settlement and improved operational efficiency by compressing the traditional settlement process from hours/days to seconds, operating 24/7 [4] - Tokenized stocks broaden market access globally via decentralized exchanges and enable fractional ownership, allowing investment in portions of shares [4] Key Players and Platforms - Backed Finance offers X stocks on Solana, backed 1:1 by real shares held by licensed custodians, using a peg and arbitrage mechanism to mirror Wall Street prices [4] - Dinari secured a US broker-dealer license for tokenized equities, minting ERC20 Dshares backed 1:1 by stock held with a US custodian [4] - Robinhood is offering over 200 tokenized US stocks and ETFs on Arbitrum for EU users, planning a migration to its own RH chain [4] - Kraken and Bybit are listing Backed Finance's X stocks, facilitating trading and withdrawals to on-chain wallets [4] Potential Risks and Downsides - Tokenized stocks are subject to potential contract blocking for sanctioned addresses, and issuers can pause or burn tokens due to court orders [4] - Oracle and reserve risks exist, as Chainlink's proof of reserve feed, while reputable, represents a single point of failure [4] - Liquidity gaps are present, with current daily volumes in the millions, significantly less than traditional markets [4] - Corporate actions may be limited, with some tokenized stocks lacking voting rights or guaranteed dividend payments [4] - Regulatory restrictions and geographical limitations exist, with some platforms blocking access in certain regions [4] - Insurance coverage may be limited, as tokenized shares may not be covered by SIPC unless specific conditions are met [4] - Network risks, such as Solana's past network issues, could lock traders out during market turbulence [4] Market Outlook and Future Growth - McKinsey projects the value of tokenized financial assets to reach $2 trillion by 2030, with a blue sky scenario of $4 trillion [4] - Ripple and Boston Consulting Group project $18.9 trillion by 2033 as bonds, money market funds, and equities migrate onchain [4] - Solana is positioned as an early liquidity magnet, potentially benefiting from diverting even a small 1% of NASDAQ's daily trading volume [4]

Group 1 - Digital Asset Technologies Inc. announces that its portfolio company LiquidLink AI Corp. will host a weekly series of discussions on Real World Assets (RWAs) on the XRP Ledger and Bitcoin Lightning Network starting July 7, 2025 [1][2] - The series aims to create a credible space for community engagement with developers, asset issuers, legal experts, and ecosystem builders, focusing on the utility of XRP and Bitcoin networks [2][6] - LiquidLink's flagship product, Xrpfy, offers tools for self-custody, trading intelligence, and RWA launchpad capabilities, expanding to support multiple blockchains [6][5] Group 2 - Machai Capital Inc. has been engaged to provide digital marketing services, including branding, content optimization, and lead generation, for a 30-day period at a cost of $60,000 plus GST [3][4] - The services provided by Machai will be overseen by its President, Suneal Sandhu, who holds 2,500,000 shares of Digital Asset Technologies [4]