Good article in the @WSJ by @greg_ip underscoring that wealth increasingly comes from owning capital. But relatively few people have meaningful access to capital markets. Our recent @CoinbaseCBI paper highlights the global capital chasm and how tokenization and good policy choices can solve for this by increasing participation in a critical engine of wealth creation. Tokenized securities become globally accessible, fractionally owned, and dramatically cheaper to trade and settle. No permission required. No gatekeepers. Expanding access to digital assets = expanding economic freedom.