I feel that the future is a "dual-track system": compliant assets are issued on permissioned chains, but ultimately they must be seamlessly integrated into DeFi for lending and market making.

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CryptoFrontier
Crypto Hacks Fuel Wall Street Tokenization Debate
High-profile crypto exploits test DeFi risk yet unlikely derail tokenization; institutions favor permissioned chains, while broader tokenization must interoperate with DeFi; stablecoins face scrutiny and possible regulatory backlash.
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