In a recent clip shared by The Rollup, Stephan Dalal, Co-Founder and Chief Legal Officer at Open World, dives into the evolving landscape of digital asset treasuries (DATs) and tokenized markets. For those new to the term, DATs refer to the practice of companies or projects holding cryptocurrencies and other digital assets as part of their corporate treasury, much like how traditional firms hold cash or bonds.

Dalal kicks off with a cautious note: "I hope we're not close to the blow up." This seems to reference the potential risks in the crypto market's rapid growth, but he quickly shifts to optimism about the next phase.

The Next Wave of Digital Asset Treasuries

He predicts that "the next cohort of digital asset treasuries will be from token projects building real product." In the world of meme tokens, this is particularly relevant. Many meme coins start as community-driven jokes or viral sensations, but to last long-term, they need to transition into building actual utilities or products. Think decentralized apps, gaming platforms, or even real-world integrations that generate revenue.

Open World, as a blockchain advisory firm, specializes in helping such projects launch and scale token ecosystems with full compliance. They've already influenced over $47 billion in market value across more than 20 ecosystems, showing their expertise in turning ideas into resilient, market-ready tokens.

Bridging to Public Equities

Dalal continues: "We're entering the second chapter, the bridge to public equities is being built stronger." This points to the growing intersection between crypto tokens and traditional stock markets through tokenization. Tokenized markets allow real-world assets like stocks, real estate, or commodities to be represented as tokens on the blockchain, making them more accessible and liquid.

For meme token enthusiasts, this could mean your favorite dog-themed coin evolving into something that ties into tokenized equities, perhaps allowing fractional ownership or seamless trading across borders. It's a way for projects to mature and attract institutional investors.

Advice for Builders

Wrapping up, he advises: "If you're building real product with real growth proposition, you're going to come in pretty soon." This is a call to action for meme token creators. Move beyond the hype—focus on genuine value creation. Whether it's through innovative tech, partnerships, or community governance, building substance can position your project for the next big wave in crypto.

This clip from The Rollup highlights how the crypto space is maturing, and for meme insiders, it's a reminder that the fun doesn't have to end; it can evolve into something sustainable and profitable. Keep an eye on firms like Open World for guidance on navigating these changes.