As a New York-based blockchain analyst with a soft spot for quiet data stories, I’ve been tracking how tokenized stocks are quietly reshaping finance. In 2025, real-world asset (RWA) markets hit $500B, thanks to global regulatory shifts and platforms like Allo and Kraken. This isn’t just crypto hype—it’s the fusion of Wall Street and Web3. But beneath the innovation lies real risk: who holds your shares? Who’s watching? Let’s break down what’s changing—and why you should care.