SEC’s Tokenized Stock Plan: A Game Changer or a Crypto Letdown? Find Out!

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Well, well, well, what have we got here? Tokenized stocks-those snazzy little digital versions of your favorite equities-are strutting into traditional finance like they own the place. But before you pop that champagne, Rob Hadick, the top dog at Dragonfly, says: “Hold your horses!” 🐴

Hadick, in his infinite wisdom, told CryptoMoon at the TOKEN 2049 conference in Singapore that while tokenized equities might rock the socks off the old-school markets (aka TradFi), they might just leave the crypto world a bit… well… disappointed. You see, they’re all about that sweet, sweet 24/7 trading-fancy stuff that makes their wallets fat. 💰

But here’s the kicker-Hadick doesn’t think Ethereum, and its shiny crypto cousins, will get any of the love. So, while Wall Street might be all about tokenizing stocks, crypto’s not exactly getting a free ride. 🚫

Why, you ask? The US Securities and Exchange Commission (aka the SEC, your friendly neighborhood regulator) is cooking up a plan to let stocks strut their stuff on crypto exchanges. Sounds cool, right? Well, hold up-because the big financial institutions have been clamoring for it, but they’re also super picky. They don’t want to play nice with the public blockchain kiddies. In fact, they’d rather build their own little exclusive blockchain parties, thank you very much. 🏰

“We don’t want to share block space with memecoins,” says Hadick, throwing a side-eye at all the doge and shiba coins cluttering up the blockchain.

Institutions Want Their Own Playground-And They Don’t Share

Hadick spilled the tea on tokenized stocks using layer-2 networks. Spoiler alert: it’s messy. 😬 There’s “leakage”-value may not even make it back to Ethereum or the rest of the crypto ecosystem. Imagine a birthday party where no one shows up. Awkward, right? Yeah, that’s what he’s worried about.

But wait-what if the financial bigwigs just go and build their own shiny new blockchains? That’s right, layer-1 blockchains for everyone! But now, we’re entering murky waters. How does the value trickle back into the crypto space? A little less clear, says Hadick.

Remember those failed private blockchains from a few years ago? Well, some institutions are trying a hybrid model now-owning the L1s and L2s, but also keeping that sweet permissionless option. It’s like trying to have your cake and eat it too. 🍰

“They want their own L1s and L2s, but they want an environment that they control,” said Hadick, probably rolling his eyes at the whole situation.

SEC: The Tokenized Stock Crusader

Meanwhile, the SEC is continuing its mission to make tokenized equities a reality. Several big names in finance, like VanEck and the New York Stock Exchange (NYSE), have been whispering sweet nothings to the SEC about how great tokenized stocks would be for everyone involved.

And hold onto your hat-the Nasdaq recently filed for a rule change that could let them list and trade tokenized stocks. Things are moving fast, folks!

However, don’t expect this to be the next crypto boom just yet. Tokenized stocks are still in their baby shoes, making up just a tiny fraction of the entire on-chain market-$735 million, or 2.3% to be exact, according to RWA.xyz. So, yeah, it’s still early days. ⏳

And that’s the scoop, folks! Get ready for a wild ride-unless you’re just here for the memes. In that case, enjoy. 🤪

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2025-10-01 08:40