"It may look like your grandpa's Fidelity account [for now], but they're moving pretty fast."

Tokenization is already happening, according to ＠ethereumJoseph, even if many people don't recognize it.

Tokenized assets settle in minutes, any hour, any day. Markets that close on Friday afternoon become markets that never close, and assets stuck in separate silos — your stocks here, your bonds there, your gold in a vault somewhere — become one consolidated market where everything trades side by side.

Tokenization is inevitable. And accelerating.

"And so, yes, it may look like your grandpa's Fidelity account, but they're moving pretty fast. And so you're going to be in a world in which markets are going to be consolidated, so that you will be able to trade equities and bonds and other kinds of instruments — all tokenized."

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Gold closed its worst quarter since 2013, down 16%.

China's central bank answered by adding 15 tonnes in June, its largest monthly purchase since 2023 and its 20th straight month of buying. Reserves now stand at 2,346 tonnes, a record.

For central banks, falling gold prices are an opportunity. They can be for you too:

$GOLDST and $SILVST don't just give you instant on-chain exposure to the spot price of gold. They're also assets you can borrow against and use to earn yield. You can be your own bank and extend credit to yourself through assets you own on STRATO.

Don't sell hard assets that hold their value. Hold them, earn with them, and escape the permanent underclass.

Start at https://t.co/CaZsoWnhtQ

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Tokenizing assets is the start.

The real power of tokenization, and HardFi, is composability, which allows users to borrow against those assets and loop them.

As ＠syrupsid said recently when we talked to him:

"The real power of DeFi is composability. Once you tokenize something like gold — or other precious metals — you can use it as collateral for borrowing and looping, as we've seen with STRATO.

Or you can build secondary markets around it to increase liquidity and enable price discovery. You can also build derivatives around it, the way Hyperliquid has with its perps markets on oil."

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Why gold and silver as the base collateral instead of just more crypto?

Half the world already save using them
They're the most trusted assets in the world
There's $30T in above-ground gold with barely 0.02% tokenized.

There's a lot of need, and it's barely gotten started. We are early in the age of HardFi.

"But of late, we're doing what we've been calling HardFi — basically bringing hard assets, in particular precious metals (gold and silver are the biggest for us), into the DeFi world.

The way we do this: we find that our customers primarily want to borrow against assets they already have. Gold and silver in particular are excellent collateral, in a way that's counter-cyclical with what crypto does."

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Your checking account pays you nothing to hold dollars, then lends those dollars out at 7% and keeps the spread.

The bank's whole business is the gap between what your deposit earns them and what it pays you.

$USDST from STRATO closes that gap. Hold the dollar, deposit it in saveUSDST, and the earnings from the system's borrowers land with you instead of a bank.

Get started at https://t.co/CaZsoWmJEi

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Is your gold just sleeping under your mattress?

Wouldn't you rather put it to work for you on STRATO?

"A lot of the gold that exists in the world is what I'd call mattress gold. The largest category of holders are Indian households — this is mostly wedding gift gold. Chinese households are also a very big holder."

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