🪐 CFG eyes top‑5 RWA slot. Centrifuge just rolled out its V3.2 on‑chain portfolio manager and announced a Morgan Stanley tokenisation partnership slated for 2026, while its EVM‑native migration now reaches most DeFi users. 🕸️ The upgrade removes the biggest friction—asset‑manager tooling—so protocol‑level liquidity could finally catch up with demand. Yet the Morgan Stanley timeline is still three years out, and institutional appetite for tokenised equities remains untested, leaving a substantial execution risk. I’m cautiously bullish; the technical upgrades are real, but the upside hinges on the partnership materialising and attracting genuine institutional capital. ⚡ The decisive catalyst will be whether Morgan Stanley’s tokenisation engine goes live, turning CFG from a niche RWA playground into a mainstream bridge. ⚠️ Personal analysis only. Not financial advice. DYOR. #Centrifuge #RWA #DeFi