How tokenization’s ‘superpowers’ could transform US stock access
The post How tokenization’s ‘superpowers’ could transform US stock access appeared on BitcoinEthereumNews.com. This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A major topic at Permissionless was stablecoins and broader tokenization. It was, in fact, one of the main themes of the “Rebooting the Global Financial System” panel I moderated yesterday. “Rebooting” could have been replaced with “rebuilding,” a couple panelists agreed. But first, from an offstage chat with CoinFund president Christopher Perkins: He told me “stablecoin summer” is going to unlock “DeFi fall.” “Tokenization is the new ETF,” he explained. “It’s a new wrapper with superpowers — of instant settlement…and 24/7 access to capital formation.” Those using stablecoins will want yield, and will seek that out onchain via money market funds, alternatives, etc. “So you’re going to see those dollars coming [onchain] translate to second- and third-order implications for DeFi,” he said. Tokenized public equities are particularly exciting, Perkins added, as it unlocks constant access to those companies for anyone with internet access. That sentiment was elaborated on by Inversion founder (and Empire podcast host) Santiago Santos, who took the Day 3 main stage with Blockworks founders Jason Yanowitz and Michael Ippolito. Crypto has historically tapped into “trapped pools of capital” around the world in part because of the lack of access to the US stock market, he argued. A Chinese investor with such limitations, for example, might resort to holding ETH to express a long position in technology. “What happens when you now have tokenized stocks onchain?” Santos posed. Capital that previously flowed to layer-1s or memecoins could migrate, he noted. While we’re on the tokenized stocks subject, Dinari said yesterday it secured Financial Industry Regulatory Authority (FINRA) broker-dealer approval for its Dinari Securities subsidiary. Why is this significant? Dinari believes it’s the first company tokenizing publicly traded shares outside the US with an affiliated…
The post How tokenization’s ‘superpowers’ could transform US stock access appeared on BitcoinEthereumNews.com.
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A major topic at Permissionless was stablecoins and broader tokenization. It was, in fact, one of the main themes of the “Rebooting the Global Financial System” panel I moderated yesterday. “Rebooting” could have been replaced with “rebuilding,” a couple panelists agreed. But first, from an offstage chat with CoinFund president Christopher Perkins: He told me “stablecoin summer” is going to unlock “DeFi fall.” “Tokenization is the new ETF,” he explained. “It’s a new wrapper with superpowers — of instant settlement…and 24/7 access to capital formation.” Those using stablecoins will want yield, and will seek that out onchain via money market funds, alternatives, etc. “So you’re going to see those dollars coming [onchain] translate to second- and third-order implications for DeFi,” he said. Tokenized public equities are particularly exciting, Perkins added, as it unlocks constant access to those companies for anyone with internet access. That sentiment was elaborated on by Inversion founder (and Empire podcast host) Santiago Santos, who took the Day 3 main stage with Blockworks founders Jason Yanowitz and Michael Ippolito. Crypto has historically tapped into “trapped pools of capital” around the world in part because of the lack of access to the US stock market, he argued. A Chinese investor with such limitations, for example, might resort to holding ETH to express a long position in technology. “What happens when you now have tokenized stocks onchain?” Santos posed. Capital that previously flowed to layer-1s or memecoins could migrate, he noted. While we’re on the tokenized stocks subject, Dinari said yesterday it secured Financial Industry Regulatory Authority (FINRA) broker-dealer approval for its Dinari Securities subsidiary. Why is this significant? Dinari believes it’s the first company tokenizing publicly traded shares outside the US with an affiliated…
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