Crypto used to ask: what can we put onchain? Looking at #TOKEN2049 today, I think the question has changed: What part of finance is still left offchain? Institutional DeFi. Stablecoin payments. 24/7 markets. Tokenized assets. AI × crypto. That’s a very different conversation from the one this industry was having a few years ago. Crypto is no longer only trying to build a parallel financial system. It is increasingly trying to rebuild parts of the existing one. And that may be the bigger story coming out of Singapore this week.
