Value is becoming programmable.
Markets went electronic. Money went digital. Finance moved onto the internet. Each of those shifts changed how people trade, pay and invest without changing the nature of an asset. Tokenization is different: it changes the asset itself.
The Token Supercycle is the long-term migration of money, assets and ownership onto always-on internet infrastructure. Viewing it only as a market rally risks missing the broader transformation underway.
The internet capital market created by this shift will become the world’s largest capital market.
Lily Liu is the president of Solana Foundation.
How supercycles restructure markets
In the early 2000s, China industrialized quickly enough to drive commodities into a multiyear structural boom. Economists described it as a supercycle: a long-duration shift in supply, demand and capital allocation that extends beyond ordinary business cycles. The United States experienced one in the late 1800s, while Europe and Japan saw similar transformations during postwar reconstruction.
Those shocks entered markets from one direction and worked through the system. Tokenization enters from three directions at once. It changes who can issue assets, who can invest and who can distribute them—simultaneously and globally.
Four forces that developed on separate tracks have now converged:
- Stablecoins have demonstrated that money can move onchain at global scale.
- Financial institutions are bringing assets onchain.
- Blockchain infrastructure can now support the speed and cost required for real economic activity.
- Artificial intelligence is creating a new class of economic actors that require programmable money to function.
Source: cryptonews.net
