This has second-order effects on liquidity. Capital trapped in legacy settlement cycles gets unlocked. Stablecoins and tokenised money-market funds become the connective tissue between asset classes, enabling instant movement across previously siloed markets; order books deepen, trading volumes rise and the velocity of both digitised and fiat money accelerates as settlement risk falls away.Tokenization removes that drag. When collateral becomes fungible and settlement happens in seconds rather than days, in ...