Ripple and Boston Consulting Group (BCG) latest report predicts that by 2033, the market size of tokenized assets, including stablecoins, will reach $18.90 trillion, with a compound annual growth rate of 53%. The report points out that tokenization can reduce the costs of bond issuance, real estate funds, and mortgage management, and is applicable in areas such as the money market, private credit, and carbon emission trading. Currently, JPMorgan's Kinexys platform has tokenized transactions exceeding $1.50 trillion, while BlackRock's BUIDL Fund assets are close to $2 billion. Tokenization still faces challenges such as fragmented infrastructure, poor cross-platform interoperability, inconsistent regulations, and insufficient standardization of smart contracts, which require industry coordination to address.