Recently, I observed a very interesting phenomenon. Wall Street giants like Morgan Stanley, managing $1.2 trillion in client assets, have shifted their attitude towards Bitcoin from "considering" to "must participate." But more importantly, they are only treating Bitcoin as an entry ticket.

What is the real main course? Tokenized funds, on-chain yield products, and the entire set of RWA infrastructure. What Stanley Morgan is doing is essentially moving all traditional financial assets onto the blockchain. You see that BlackRock has already taken action, JPMorgan has listed it as a competitive threat, and Franklin Templeton has also issued related statements. Now Morgan Stanley is accelerating its expansion.

Interestingly, the routines of these Wall Street giants are remarkably consistent: first gaining market recognition with Bitcoin, then gradually tokenizing the entire asset pool. This is no coincidence; it’s a clear strategic direction. And this time, the pace of the transition is obviously faster than any previous cycle.

The collective action of institutions has already begun. What does this indicate? It shows that tokenized assets are no longer a question of "whether it will happen," but rather "when it will fully unfold." Recently, I’ve also been paying attention to some related RWA assets on Gate, and I feel this track is indeed worth more attention.