In July 2025, OpenAI publicly disowned a token carrying its name. That moment explains everything about the two ways to put a stock onchain — and why the honest answer is to build both, in order.
For most of the recent wave of real-world-asset tokenization, global capital flowed into onchain products that were not actually European. That is changing. The conditions for a genuinely European tokenized market are now in place.
Almost every tokenization product calls itself 'wallet-ready' somewhere on its landing page. Very few actually behave that way. The difference is not cosmetic — it is the design decision that determines what the next decade of onchain capital markets can become.
