The tokenization thesis was written in 2017. Nearly 10 years ago.
The thesis was right. The rails didn't exist.
Now they do and every layer of the stack is still up for grabs. Issuance, distribution, liquidity, data, composability, ratings, oracles, you name it.
Being early was never the edge here, things were so uncertain and every advancement seemed to require a leap of faith.
What counts is being positioned when the rails go live is & that time is now.