This is a segment from the Forward Guidance newsletter. To read full editions, subscribe.

A major topic at Permissionless was stablecoins and broader tokenization. It was, in fact, one of the main themes of the “Rebooting the Global Financial System” panel I moderated yesterday.

“Rebooting” could have been replaced with “rebuilding,” a couple panelists agreed. 

But first, from an offstage chat with CoinFund president Christopher Perkins: He told me “stablecoin summer” is going to unlock “DeFi fall.” 

“Tokenization is the new ETF,” he explained. “It’s a new wrapper with superpowers — of instant settlement…and 24/7 access to capital…

Read more on Blockworks