Part 5/14:
This evolution is especially startling considering that, just a few years ago, such ideas seemed outlandish under prior administrations. The appetite of big players like Franklin Templeton and JP Morgan to experiment with on-chain assets underscores a broader acceptance that tokenization offers efficiency, transparency, and new revenue possibilities. The so-called "FOMO" (Fear of Missing Out) following the passage of the Genius Act this year marked a watershed moment. It ignited a rush among financial institutions to develop stablecoin strategies and to get involved on public blockchain networks.