Tokenization has moved beyond the pitch deck.
BlackRock launched its BUIDL tokenized fund in 2024 and expanded it across several blockchains that year. That’s a concrete example of financial assets being represented on digital networks.
For investors, it raises a useful question: where might demand grow as those networks get used?
Andy Howard’s answer centers on an asset he calls “Digital Oil.”
We’re sharing his New Money Grid presentation because it connects the tokenization story to a specific investment thesis.
Watch his case and the introduction to The Edge, his paid research newsletter. Institutional adoption is worth studying; it doesn’t guarantee a return for any particular token.
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The 10-year yield touched 5% Monday, first time since October 2023. It settled at 4.96%. The Fed starts its two-day rate meeting today. CNBC
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The Saudi East-West pipeline needs 3–5 weeks of repair after drone strikes from Iraq. The line has a capacity of 7 million barrels per day. The Saudis built it in the 1980s as a backup if Iran closed Hormuz. AP
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The PHLX chip index fell 5.9% Monday after AI CEOs called for a development slowdown. Trump rejected the effort. “Whoever wins AI wins,” he said. Reuters
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WTI crude touched $105 intraday Monday before pulling back to $102. Oil is now up 20% in a month. BBG
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Houthis seized Greater and Lesser Hanish islands in the southern Red Sea. The islands sit on one of the busiest shipping lanes on earth. AP
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US diesel hit a record $6.23 per gallon Monday. That’s up 33 cents from a week ago. Fox
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The Supreme Court rejected Trump’s USPS mail ballot curbs for the midterms. Kavanaugh concurred, calling the timing “arbitrary and capricious.” BBG
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McConnell returned to the Senate Monday. First vote since a fall at his home in June. He’s 84. BBG
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Trump claimed Russia and Ukraine agreed to halt strikes on energy targets. Zelenskyy said Ukraine is open to it but doubts Russia will comply. WTI pulled back about $3 from its session high after Trump hinted at restarting Iran talks. Reuters
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Oman postponed GCC-Iran talks on a Hormuz shipping deal. Saudi Arabia objected to the terms and Bahrain declined to attend. The Strait is down to single-digit daily transits. AJ
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