As a London-based blockchain analyst with five years in DeFi audit, I've tracked the quiet evolution of tokenized equities. By 2025, over $50B in RWA is on-chain, powered by smart contracts and regulated platforms like Coinbase and Binance. This isn't speculation—it’s structural change. Liquidity now operates 24/7, fragmentation lowers barriers, and institutional-grade custody replaces legacy clearinghouses. The future isn’t coming—it’s already traded.