Tokenization is poised to revolutionize market structures in a manner reminiscent of the early days of exchange-traded funds (ETFs), which grew into a $10 trillion market. Initially perceived as a simple rebranding of traditional assets, ETFs introduced critical mechanisms such as creation/redemption and arbitrage-driven liquidity, reshaping market dynamics. Tokenization shares these features, enabling assets to be minted or burned on demand, thus maintaining price integrity through arbitrage. This allows for continuous trading, even when underlying markets are closed, facilitating immediate price adjustments based on real-time information. For instance, tokenized assets can react to news over the weekend, providing investors with updated valuations ahead of market openings. As tokenization gains traction, it mirrors the early skepticism and gradual adoption seen with ETFs, suggesting a similar trajectory towards widespread acceptance and institutional involvement. Ultimately, tokenization is not just a technological advancement but a logical evolution of market efficiency and access.