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Everyone wants to tokenize the assets. What about the data?

The IMD Wrap: With exchanges moving market data on-chain, Wei-Shen believes there’s a need to standardize licensing agreements.

token
Credit: TU IS

If anyone had told me at the start of 2025 that this was the year tokenization would captivate the capital markets, I would have rolled my eyes. “Shows how much you know,” December Me is now telling January Me.

Look, I understand tokenization’s potential to revolutionize parts—if not all—of the trading lifecycle. I get why firms are conducting experiments and building prototypes, and I am equally eager to learn about the specific use cases. I just thought we all had enough on our plates with

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