CONNECT recap: Liquidity is tokenization’s next challenge, everyday stablecoins
Panelists at Cointelegraph’s Singapore CONNECT event explored opportunities in tokenized markets, the future of everyday stablecoin payments and the evolving landscape for crypto investors.
Asanat Analysis — Why it matters
The CONNECT panel signals a maturing recognition within institutional crypto circles: tokenization's infrastructure bottleneck has shifted from settlement to liquidity provisioning. Early tokenization narratives focused on issuance mechanics and regulatory clarity; this discussion's emphasis on liquidity constraints suggests real deployment is bumping against market depth problems. This mirrors historical asset class maturation—equities needed market makers before retail adoption, commodities needed futures liquidity before spot standardization.
The 'everyday stablecoin payments' framing is particularly significant as it decouples stablecoins from their speculative trading use case. This reflects post-2023 regulatory pressure and CBDC competition forcing the sector to articulate consumer utility beyond volatility hedging. However, everyday adoption requires solved problems around velocity, merchant acceptance, and regulatory treatment that remain unresolved across most jurisdictions. The simultaneous focus on both enterprise tokenization and retail payments suggests bifurcating use cases rather than convergence.
For investors, this indicates the next funding wave will likely target liquidity infrastructure (market makers, AMMs, OTC desks) rather than token issuance platforms. The evolution from 'can we tokenize?' to 'how do we make tokenized assets liquid?' represents a sector moving past proof-of-concept toward operational viability questions.