@coinbureau The issuer pushback is part of the story too.
The tokenization that lasts will probably be built with comp | Hanami
@coinbureau The issuer pushback is part of the story too.
The tokenization that lasts will probably be built with companies and regulators, so holders know exactly what they own.
Reply to @coinbureau: A month ago, we warned that “MASS TOKENIZATION” was coming.
Today, it’s breaking records, and the numbers are getting hard to ignore.
Stocks. Bonds. Bank deposits. Investment funds.
The way we invest and move money is changing.
You could end up using blockchain without even knowing it.
What’s already changing:
Wall Street is going onchain, with the NYSE’s parent company and OKX originally proposing over 60 US stocks as tokens
Government debt is going onchain, with Hong Kong issuing a RECORD $2.6 BILLION digital bond and Luxembourg issuing €1.7 BILLION
Tokenized stocks and ETFs total $3.53 BILLION across 4.42 MILLION holder addresses, per RWA(.)xyz
Bank dollars are going onchain as JPMorgan expands JPM Coin to Ethereum for institutional clients
The pushback is also growing, with Microsoft, Alphabet, Goldman Sachs and Wells Fargo among 22 companies opposing tokens of their shares on the planned OKXICE venue
Investment funds are following, with Franklin Templeton’s Singapore fund reportedly adding roughly $150 MILLION in fund shares on the XRP Ledger
Trading hours are stretching, with Nasdaq targeting 23 hours of weekday trading from December 6
Britain is preparing its own digital government bond pilot, with six banks appointed to lead it
Most trades are fractional, with about 80% of tokenized stock trades in an IMF study smaller than one share
Buying a stock token does not necessarily make you a direct shareholder in the company