A landmark week for tokenization: DTCC’s Tokenization Service going live, Ondo Stocks expanding to Robinhood Chain, and Intelligent Portfolios launching on Solana. The most important shift is that tokenized assets are no longer just held or traded — they’re becoming usable collateral and building blocks for on-chain credit. When stocks, ETFs, and portfolios can be posted to borrow stables or structured into yield products, RWA moves from narrative to actual capital markets infrastructure. This is exactly the environment where lending protocols with multi-asset risk frameworks and stablecoin rails add the most value. The winners will be the ones that can safely integrate these new collateral types without compromising transparency or risk controls.