Regulated tokens will actually have some assets behind them but the best evolution will be tokens that actually represent an asset that can be transacted using regulated blockchain ledgers.
As I see it, blockchain currently works in an inefficient manner for daily transactions. There are cheaper and more effective ways to buy your groceries than with bitcoin. On the other hand, the approach cuts out a lot of middle men and red tape for larger transactions (e.g. houses). Peer to peer transactions don't need a so-called market either but regulated platforms will undoubtedly deliver the tax man his due.
cheers
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