blockchain

Digital asset markets have evolved from experimental ideas into integral parts of the financial system. From cryptocurrencies to tokenized securities and stablecoins, tokens now play a role in payments, investment vehicles, and even corporate governance. Yet as these markets mature, they also expose us to familiar risks—volatility, wealth concentration, governance failures—but on a scale and speed that challenges traditional financial oversight. The question is now how we design and govern token economies to promote stability, fairness, and resilience.