Modern derivatives and digital asset markets operate under a persistent drag of operational friction. A recent Nasdaq survey reveals that 70% of global firms experience settlement failures on a daily basis. This structural inefficiency forces institutions to maintain excess overnight collateral buffers, tying up capital that could otherwise generate returns. The inability to mobilize assets instantly across disparate systems acts as a constant drain on institutional performance. As market participants look to optimize their balance sheets, tokenized collateral is emerging as a practical mechanism to mitigate these ... (full story)