Golden Finance reported that McKinsey's latest analysis shows that the first large-scale tokenized transactions have transferred trillions of dollars worth of assets every month. These developments have not only reshaped existing financial services, but also created innovative use cases that may redefine the market landscape. McKinsey executives pointed out in the report that, however, we have encountered many difficulties and challenges so far. To further integrate these technologies into the mainstream in a robust, secure and compliant manner, cooperation and coordination of all relevant stakeholders are required. Despite the optimistic outlook, the road to widespread tokenization is full of challenges. McKinsey researchers recommend: In the short term, institutions including banks, asset management companies and market infrastructure participants should evaluate their product suites and determine which assets benefit most from transitioning to tokenized products. We recommend thinking about whether tokenization can accelerate strategic priorities, such as entering new markets, launching new products and/or attracting new customers.