This article attempts to examine the potential benefits and long-standing challenges of tokenization from the perspective of traditional finance, using the analysis framework of McKinsey & Co. By combining realistic and objective cases, it concludes that despite the ongoing challenges, the first wave of tokenization has already arrived.

This article extracts content related to cryptocurrencies and blockchain from two research reports from April 2023, presenting a perspective on Crypto from the viewpoint of Wall Street funds.

This article will attempt to analyze the internal logic of PayPal turning its attention to crypto.

This article will explain what a market maker is from the perspective of Web3 projects, why we need market makers, the DWF event, the main operational models of crypto market makers, as well as the risks and regulatory issues involved.

This article will explain from the perspective of Web3 legal practitioners why decentralization should be achieved, how decentralization can create compliance space, and provide some compliance strategies.

Everything is attributed to the victory in the court's gray area.

This article aims to provide a background on asset tokenization and discuss the potential benefits as well as the risks to financial stability.

Although the SEC's regulatory enforcement does not have the effect of a judicial ruling, this outcome is still significant because it is the first time that the sale of NFTs has been found to violate the Securities Act's provisions regarding the sale of unregistered securities.

The CFTC may be a more formidable regulator than the SEC, potentially aiming its regulatory focus directly at DeFi.

Technology itself is innocent; it is the people who use the technological tools that are guilty. The cases of Uniswap and Tornado Cash both provide the same answer.