According to @onchainpanini, the key shift is not only RWA tokenization reaching $23B but that institutions now have the custody infrastructure they demanded (source: @onchainpanini on X). According to @onchainpanini, State Street has said two-thirds of its clients plan crypto allocations, which he frames as evidence of infrastructure maturity (source: @onchainpanini citing State Street). According to @onchainpanini, this setup could unlock institutional flows into tokenized assets and the broader crypto market, making custody developments and allocation disclosures trading catalysts to watch (source: @onchainpanini).