As a crypto analyst who's seen markets shift from floor pits to smart contracts, I can tell you: stock tokenization isn't hype—it’s a structural reboot. Robinhood’s EU launch, Kraken’s integration, and Arbitrum’s AAPLx aren’t experiments. They’re the quiet consolidation of $20T in legacy assets moving on-chain. This isn’t about coins—it’s about custody, clearing, and trustless settlement. The real question? Can DeFi absorb blue-chip liquidity without breaking its spine?