According to CoinMeta, as reported by Cointelegraph, Chetan Karkhanis indicates that Asia is making progress in tokenized finance, but not all markets are advancing at the same pace. He pointed out that South Korea, Japan, Singapore, and Hong Kong "may be 2 to 3 years ahead," while most markets in the region are still lagging behind the United States in terms of stablecoins and tokenized money market fund frameworks.