Tokenization could change how capital forms and moves onchain. Nikhil Chandhok discusses what that could mean for smaller businesses, internet native capital markets, and onchain credit.

@chandhok base:0xca18a528ea897040f715edc92e6e4572780c5ca1 enables fully sovereign AI agents - they pay for their own computers, own their inference and have a treasury full of stocks. Live on Base and RH, launching on Arc next:

@chandhok Imagine when they announce $ARC chain it's live

@chandhok 👀

@chandhok internet native capital markets get interesting when the balance is actually the user's. credit against an account the platform can't freeze prices differently than credit against a custodial ledger. i'm building on the first model

@chandhok 💎

@chandhok Big milestone

@chandhok onchain credit for small biz feels overdue rn

@chandhok Onchain credit from a company that has tons of lawsuits against it and zero audits for its stablecoin reserves? Yeah, no thanks 🤣🤣

@chandhok Tokenization change coming through cleaner than most analysis threads.

@chandhok Big milestone

@chandhok tokenization is inevitable!

@chandhok Credit protocols about to outperform everythiing

@chandhok There’s always so much potential in anything crypto related

@chandhok Making capital easier to access and move could open up completely new options for smaller businesses and onchain credit.

@chandhok Finally moving the credit markets out of the 1990s sounds pretty good tbh

@chandhok Tokenization change coming through cleaner than most analysis threads.

@chandhok Tokenization matters most when it improves access, not only settlement. For smaller businesses, internet-native capital markets still need disciplined underwriting, verified cash flows and reliable servicing. That is what turns onchain liquidity into usable credit.

@chandhok tokenization can give smaller businesses new ways to raise capital and access credit directly onchain. internet-native markets can make funding faster and more accessible.

@chandhok We're cooking right now.

@chandhok Capital formation onchain gets interesting when settlement is instant and the unit of account does not move.

@chandhok Circle always>

@chandhok onchain credit for small businesses is the part I’m watching

@chandhok Circle aight.

@chandhok I buy the small-business angle when the boring credit work comes with it. Underwriting, servicing and recovery are not side notes once a loan goes bad. that's where most of the value will be

@chandhok access to capital for small biz is the real test here not just more infra for the big guys

@chandhok Tokenization can widen access to capital, but durable onchain markets still need identity, programmable payment rails, clear authorization, and auditable settlement. The opportunity is not just putting assets onchain—it is making capital movement verifiable end to end.

@chandhok Tokenization can widen capital access only if issuance costs, investor rights and servicing obligations scale with distribution. Smaller businesses need a controlled path from origination through settlement. Faster rails cannot compensate for weak underwriting.

@chandhok Onchain credit will not be constrained by issuance first. It will be constrained by servicing data: delinquency definitions, repayment waterfalls, recoveries, and who can verify them. Tokenization makes claims transferable. It does not make underwriting legible.

@chandhok onchain credit for small biz feels real fr