ETH, Canton, AVAX, Chainlink news: Grayscale research head lays out bets on $19T tokenization wave

Grayscale's head of research, Zach Pandl, believes tokenization is a long-term trend unfolding in phases, projected to grow from $27 billion to nearly $19 trillion by 2033. He suggests that initial investments should focus on institution-friendly networks like Canton, which offer a familiar financial structure and address practical concerns like privacy and control. Avalanche represents a potential second phase, bridging institutional blockchains with a global shared state. Ethereum is positioned as a longer-term, more ambitious bet, contingent on the full readiness of the technology and institutional adoption. Pandl also highlights 'picks-and-shovels' plays like Chainlink, offering chain-agnostic exposure to the tokenization trend. He emphasizes that while tokenization is gaining traction, it remains in its early stages, with institutions still determining optimal capital allocation.

(Source：CoinDesk)