bridge security is forcing a rethink of medium-term allocation

Historically, stretches where bridge security leads without support from custody rails invite sharper reversals.

Put beside current chatter on “Morgan Stanley Tokenizes US Stocks and Treasuries Through DTCC’s New Service,” the incentive problem looks clearer.

Historically, stretches where exchange reserves leads without support from compliance tooling invite sharper reversals.

The loudest story is not always the decisive one.

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