NYDIG: Tokenization of Stocks in Early Stage Offers Limited Benefits to Crypto Networks, Potential Amplification with Decentralized Integration

In a recent statement, Greg Cipolaro, Global Head of Research at NYDIG, mentioned that the tokenization of real-world assets (RWA) such as stocks in the early stages has limited direct benefits for the crypto market and blockchain networks. However, as accessibility, interoperability, and composability improve, their long-term value is expected to gradually increase.

Cipolaro pointed out that in the short term, the main source of revenue for blockchain networks comes from transaction fees generated by tokenized assets and the network effects accumulated by holding these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, entering DeFi scenarios as collateral, lending assets, or trading targets, the benefits to related networks will significantly increase.

He believes that tokenization is becoming an important trend. With regulatory clarity gradually improving and infrastructure continuously evolving, the use cases for RWAs such as stocks on-chain are expected to expand. However, the current forms of tokenized assets vary greatly, and most still rely on compliance structures in the traditional financial system, such as KYC, whitelisted wallets, transfer agents, etc., limiting their composability.

Cipolaro also noted that although the current economic impact on traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve broader democratic access, their coverage and on-chain value capture capabilities will significantly enhance, making it worthwhile for investors to continue monitoring.

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