Svmuu News: Imran Khan posted on X, stating that he agrees with the views expressed in Delphi’s recent report on the token market. Currently, tokenization is evolving primarily in two forms: tokens representing equity ownership, and tokens that directly accumulate value through buybacks. Token forms that fall between these two categories will ultimately converge toward one of these two extremes. Unless revenue and buybacks are programmatically recorded on-chain, tokens will struggle to achieve reasonable valuations. As more companies go public, tokenization can also provide global investors with opportunities to participate on-chain, expanding avenues for acquiring ownership beyond traditional capital markets.