The token supercycle: everything of value is becoming programmable
What CoinDesk reports, why it matters and what remains unconfirmed.

The story in one view
- Reported by
- CoinDesk
- Coverage lens
- Networks and technology
- Published
- Evidence status
- Single attributed publisher report
What CoinDesk reports
Tokenization is not just about increasing access to tokens, whatever they may represent, but a fundamental shift in how value is created, owned, financed and moved, argues Solana Foundation’s Lily Liu.
The immediate significance
The report bears on the path from tokenisation plans to usable financial infrastructure. The practical significance depends on legal status, live issuance and measurable activity rather than the announcement alone.
What remains unknown
- The extract does not establish final legal status, live issuance or measurable user activity.
- No matched primary document independently supporting the central claim is linked to this page.
The named assets, right now
Spot quotes from Kraken, checked .
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