Tokenization has entered a "super cycle," according to Lily Liu, chair of the Solana Foundation. In a recent post on X, Liu said tokenization is reshaping how assets are issued, held, financed and traded rather than merely transferring existing assets onto a blockchain. She pointed to stablecoins (digital tokens designed to maintain stable value) as evidence that global capital can move on-chain. Financial institutions are reinforcing that trend through the tokenization of real-world assets, while faster and cheaper blockchains and the emergence of artificial intelligence agents are adding momentum. Liu said that if the trend continues, most assets with clearly verifiable ownership will be tokenized, potentially lowering barriers linked to geography and investment size.