With the development of Blockchain technology, asset tokenization has become a topic of great concern. Recently, Plume Network launched an RWA (Real World Asset) tokenization engine, which provides a convenient asset on-chain solution for traditional finance giants such as BlackRock. This innovation could have a profound impact on the financial industry, with a potential market size of up to $19 trillion.

However, it remains to be seen whether this emerging technology can truly shake the position of TradFi institutions. On one hand, Blockchain technology offers greater transparency and efficiency, which may attract more institutional and individual investors. On the other hand, TradFi institutions have deep industry experience and a large customer base, making them difficult to replace easily.

Currently, we are witnessing a competition between traditional Wall Street and blockchain newcomers. The success or failure of blockchain projects like Plume Network will largely depend on their ability to address key issues such as regulation, security, and user acceptance.

Regardless of the final outcome, asset tokenization is undoubtedly reshaping the future of the financial industry. This transformation may bring new opportunities, but it could also pose new challenges. Financial practitioners and investors need to closely follow the developments in this field to adapt to the changes that may come.