On February 28, Paul Brody, global blockchain head of Ernst & Young (EY), expressed his opinion that tokenizing physical assets through blockchain can create daily and transparent price information for market data that is traditionally limited to a few asset classes, thereby redefining the way of portfolio management. The emergence of tokenized assets will expand the scope of investable assets, allowing investors to access asset classes and regions that are ignored due to scarce data or insufficient liquidity. For example, by tokenizing physical assets such as Thai real estate, Nigerian oil leases or New York taxi licenses, continuous, transparent price data can be generated, allowing these assets to be compared equally with traditional assets such as U.S. stocks.