The promise and problem of a borderless financial market
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A single, global financial market operating 24/7 has long been the dream of blockchain advocates. In this vision, a farmer in Nebraska hedges wheat futures while a pension fund in Tokyo trades U.S. equities — instantly, without intermediaries or geographic barriers.
Thanks to asset tokenization, that future feels closer than ever. Stocks, bonds, commodities and real estate are already being digitized at an accelerating pace, drawing interest from both Wall Street giants and Silicon Valley startups.
But despite the momentum, the reality is stark: today’s blockchain infrastructure isn’t built to support markets at global scale. The ideas are there. The assets are there. What’s missing is the foundation capable of handling real-world financial volume, speed and fairness.