In the digital economy era, tokens are divided into the following categories as value symbols:
Payment tokens: Countries are legislating and issuing licenses to issue compliant stablecoins.
Functional tokens: Extended from the tokens of computer systems, referring to the right to use the network.
Securities tokens: Involving STO, RWA, DeFi and other fields.
Reserve tokens: Cryptocurrencies such as Bitcoin, as the underlying assets of crypto finance.
The financial market system based on bank accounts and the financial market system based on crypto accounts will develop in parallel. The interconnection between the two is expected to be realized in 2025. Through tools and channels such as stablecoins, ETFs, RWA, STOs and licensed institutions, the two markets will achieve mutual connection and integration.
