Tokenization had a breakout year in 2025. Stablecoins, tokenized equities, and even tokenized commodities like gold and oil made headlines. Nadine Chakar, Global Head of Digital Assets at DTCC, believes the story is just getting started, and believes that the next stage of tokenization will focus on treasuries. "I still think treasuries will continue to dominate the space for two reasons," Chakar told TheStreet Roundtable in a recent interview. The first is stablecoin backing. Tokenized treasuries strengthen the assets sitting behind stablecoins. The second is collateral. Bringing more treasuries on-chain unlocks ... (full story)