For institutions, tokenization requires more than an onchain trading venue. They need infrastructure that allows them to issue and manage assets, control access, settle transactions and connect with external liquidity, while maintaining the governance and controls their businesses require. This is the role Rayls Sovereign is designed to play. Reply to @RaylsLabs: Tokenization is moving beyond simply putting an asset onchain. RWAs are increasingly being issued, traded, used as collateral, generating yield and creating new forms of financial exposure. The numbers reflect that shift: - $16.5B in fixed income - $7.6B in credit - $5.5B in commodities - $2.5B in equities Fixed income alone grew 111%.