Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

July 3, 2025-Tokenization unlocks efficiencies like instant settlement, 24/7 trading, and fractional ownership-but real-world adoption depends on solving infrastructure and regulatory challenges, not just technology.
Market makers face key friction points in tokenized markets: fragmented liquidity requiring pre-funding across blockchains, lack of product-market fit without real demand, and operational complexity from 24/7 trading.

Stablecoins succeeded because of simplicity, open access, and clear use cases in payments and crypto trading; tokenized money market funds are slower to grow due to compliance burdens and less obvious utility.

A common misconception is that market makers can manufacture liquidity out of thin air-when in reality, they rely on demand, legal clarity, and reliable settlement rails to operate effectively.

Tokenization's future hinges on fixing infrastructure-cross-chain interoperability, legal certainty, investor access, and better tooling-before it can meaningfully scale in capital markets.

Goods trade growth set to moderate as barometer index dips

November 28, 2025-Goods trade growth appears to have slowed in the second half of 2025 following a surge in the first half driven by frontloading of imports ahead of expected tariff hikes and by rising demand for AI-related products, according to the latest WTO Goods Trade Barometer.