Big bear Burry is eyeing tokenization: Wall Street has played $2 billion

Do you still remember Michael Burry, who became famous by shorting the subprime mortgage crisis? Recently, he suddenly talked about asset tokenization on social media, and also forwarded several reports about Wall Street’s entry.

Coincidentally, his statement coincided with the moment of collective turnaround of traditional finance - JPMorgan’s JPM Coin deposit token is already running, Robinhood has directly launched tokenized stock trading in Europe, and even more ruthless, BlackRock’s Ethereum-based BUIDL fund, which now has more than $2 billion in assets under management.

From shorting the traditional financial system to focusing on on-chain assets, did Burry really smell something this time, or did he simply feel excited? Anyway, these old players on Wall Street are moving faster than the other.