OpenEden founder and CEO Jeremy Ng emphasized the importance of regulation and licensing in attracting institutional capital to the blockchain market. Ng believes that a robust legal framework can enhance institutional confidence and help prevent fraud, which has plagued the industry in the past. He predicts that tokenization will eventually extend beyond government bonds and stablecoins to include stocks, real estate, and other illiquid assets. However, the pace of this development will largely depend on the establishment of clear regulatory guidelines. Currently, the tokenization of real-world assets is in its nascent stages, with limited institutional involvement, suggesting significant growth potential ahead.