Ian DeBode, the Chief Strategy Officer of Ondo Finance, recently shared an interesting perspective on The Rollup show — he believes that the global market is now ready to embrace the wave of asset tokenization. To be honest, this viewpoint makes a lot of sense, especially considering that the blockchain ecosystem is indeed becoming increasingly mature.

DeBode specifically mentioned several key points: first, the liquidity of on-chain stablecoins has become quite substantial. This is not just empty talk; we can indeed see stablecoins like USDT and USDC circulating across major public chains. Secondly, various on-chain applications are no longer just theoretical; they are actually functioning. The most obvious example is DeFi, where basic functions like lending and trading have already been successfully implemented, and the user experience is continuously being optimized.

I think what he articulated most effectively is regarding the infrastructure. In the past, there were always people saying that it was too early for assets to go on-chain because the underlying technology was not mature enough. But the situation is completely different now — public chain performance has improved, cross-chain solutions have matured, and regulatory frameworks are gradually being refined. These changes are like setting the stage, just waiting for various assets to take the spotlight.

However, that being said, although the conditions are in place, to truly achieve large-scale asset tokenization, we may still need to address some practical issues. For example, how to make traditional financial institutions feel more secure about participating, and how to balance decentralization with compliance requirements. Nevertheless, DeBode's judgment indeed shows us that blockchain technology is transitioning from the conceptual stage to the practical application stage, and this trend is quite promising.