PANews reported on February 4th, citing CoinDesk, that at the Ondo Summit in New York, Sandy Kaul, Head of Innovation at Franklin Templeton, stated that the next stage of asset management will not only be digitalization but also "wallet nativeization," with stocks, bonds, and funds all being held and managed through tokenized digital wallets. Furthermore, a panel of experts from Franklin Templeton, Fidelity, State Street, and WisdomTree agreed that the tokenization infrastructure is already in place, but stated that the main challenges lie in building usability, trust, and education, rather than the technology itself. They believe that tokenized funds can improve liquidity and collateral management, and predict that, like early ETFs, successful tokenized products will be widely adopted because they operate more efficiently, rather than because investors actively seek them out.