Tokenization's impact on price discovery:

1. _Real-time pricing_: Tokenization provides up-to-the-second pricing, reflecting current market conditions.

2. _Improved valuation_: Tokenization enables accurate and transparent valuation, reducing uncertainty and information asymmetry.

3. _Increased market transparency_: Tokenization provides a clear and publicly accessible record of transactions and prices.

4. _Reduced information asymmetry_: Tokenization ensures that all market participants have equal access to pricing information.

5. _Improved market efficiency_: Tokenization enables faster and more accurate price discovery, increasing market efficiency.

6. _Enhanced investor confidence_: Tokenization's transparent and real-time pricing increases investor confidence in the market.

7. _Better decision-making_: Tokenization's accurate and up-to-date pricing enables investors to make informed decisions.

8. _Reduced market volatility_: Tokenization's improved price discovery reduces market fluctuations and price swings.

By enhancing price discovery, tokenization increases market transparency, efficiency, and confidence, enabling investors to make informed decisions and potentially leading to more stable and robust markets.