Tokenization is undoubtedly one of the most promising tracks to watch in 2026. This wave goes far beyond the scope of RWA (Real World Assets), redefining how value flows—transforming rights, assets, and revenue streams into programmable, freely tradable digital forms.

Next year's tokenization boom will exhibit two obvious characteristics:

First is the expansion of coverage. Government bonds and private credit are no longer novel; the next step is the tokenization of intellectual property, carbon emission rights, personal time, and even future income streams. Some pioneering projects are already exploring ways to involve retail investors in private equity investments, opening up a whole new battlefield.

Second is the competition for infrastructure. Those who can build compliant, secure, low-cost issuance and management platforms will occupy the top positions. Ethereum remains the main arena for competition, and industry forecasts predict that driven by institutions, stablecoins, and RWA, its TVL could increase tenfold by 2026.

What is the takeaway for investors? Instead of blindly chasing individual tokens, it’s better to focus on the underlying public chains, oracles, and compliance service protocols that support the entire tokenization wave. These are the real "shovels"—in any gold rush, those selling tools often fare more steadily than miners. The ultimate goal of tokenization is to make the flow of value as free as information, which will profoundly change the future of asset allocation.