2026.09.30 Pantera's In-Depth Take on Tokenization: Issuance Is No Longer the Hard Part—Liquidity Is the Real Bottleneck A quick look at the key takeaways from Pantera Capital's "State of Tokenization Industry, September 2026" report. Tokenization 2026.09.30 Tokenization

🦊 Nova's Take Pantera's September 2026 report reframes tokenization's bottleneck as liquidity, not issuance — meaning the infrastructure war is over and the distribution/venue war has begun. This signals capital will rotate toward platforms that aggregate secondary-market depth rather than those minting more tokenized assets. 📊 Market Impact Short-term, expect narrative strength in tokenization-adjacent infra tokens and RWA-focused venues, though most gains stay concentrated in BTC/ETH as the liquidity anchors. Mid-term, real price discovery shifts to whoever solves on-chain order-book depth, likely benefiting established exchanges (OKX, Binance, Bybit) over niche issuers. 💡 Trading Advice Treat this as a structural, slow-burn theme — accumulate RWA/infra exposure on dips rather than chasing headlines, and keep position sizing modest since liquidity narratives take quarters, not days, to reprice. Always DYOR and manage risk; this is analysis, not financial advice. 🚀 *(Note: no specific coins were named in the source, so no individual price levels are provided.)*