Tokenizing assets does not eliminate counterparty risk; it redistributes it across legal entities, custodians, and jurisdictional frameworks.
- 0 replies
- 0 recasts
- 0 reactions
Liquidity rarely vanishes in a single moment; it erodes gradually, and the cost of that erosion only becomes apparent when market participants attempt to exit simultaneously.
- 0 replies
- 0 recasts
- 0 reactions
Liquidity doesn’t disappear suddenly; it thins quietly, and markets only notice once exits matter.
- 0 replies
- 0 recasts
- 0 reactions