It’s fairly obvious that a compelling regulatory framework and standardization around security tokens will emerge in some jurisdiction. Custodians of tangible a

It’s fairly obvious that a compelling regulatory framework and standardization around security tokens will emerge in some jurisdiction. Custodians of tangible assets will offer listing services. Standardization, regulation, and features like fractionalization and composability will allow organized markets to form with more participants, better risk management, and increased liquidity for things like private equity and alternative investments. Price will follow underlying asset plus some risk premium minus some liquidity premium. Networks that secure these assets will have token prices that follow transaction fees and the value capturable by choosing transaction ordering.