#资产代币化 The restart of JD Lingxi has given me a new perspective on observing the progress of on-chain asset tokenization.

The core signal is very clear: from the policy tightening in 2022 to the implementation of two national standards now, this indicates that regulatory thinking has shifted from "curbing financialization" to "standardized guidance." The fundamental definition of digital assets—rights certificates rather than financial assets—is crucial, as it directly impacts the subsequent design of the trading ecosystem.

The launch of the transfer function is worth noting. This is not just a simple feature iteration but an adjustment of the asset liquidity model. Moving from non-transferable to open transfer reflects a re-affirmation of the application scenarios for asset tokenization. The strategy of initially opening new issued assets while pending the status of existing assets also has its rationale—this is a manifestation of layered risk management.

I am tracking several on-chain indicators: first, the changes in issuance scale of asset tokenization across major platforms; second, the correlation between these assets and mainstream cryptocurrencies; third, the interaction frequency of institutional wallets with contracts related to cultural digital assets. If we later see large inflows of funds into related ecosystems, it will be worth paying close attention to the policy expectation recovery and the resulting valuation reshaping.

The significance of this step is not just the rebound in performance of a single platform, but that it validates the feasibility path of asset tokenization within a compliant framework.