The next evolution in tokenized finance is already unfolding, and it goes deeper than most realize.

Crypto has gained recognition as an asset class, but holding tokens was never the full story. Stablecoins accelerated adoption by creating a liquid, interoperable base layer for value transfer.

Then came tokenized ETFs and funds, bringing familiar wrappers onchain. But most of these products still rely on offchain processes: traditional issuance mechanics, centralized NAV, and legacy custody setups.

They introduced structure, but not autonomy.

What comes next is full-stack financial instruments: term deposits, tokenized ETNs, convertible notes, bonds, stocks… all built with logic encoded from day one.

This isn’t theoretical anymore. Over $7B in tokenized treasuries are already live. Structured yield products are moving from pilot to production. Reinsurance deals are being executed onchain.

And the best part is, this is only the beginning. @enzymefinance already powers this evolution.