The tokenization market is a 4,000x opportunity gaining momentum, says Bitwise investment chief Matt Hougan. BlackRock CEO Larry Fink believes every asset can be tokenized. Bybit, Kraken, and Robinhood have launched tokenized stock trading. Financial institutions poured $135 million into Canton Network for stock and bond trading. Mercado Bitcoin plans to tokenize $200 million on XRP Ledger. SEC Chair Paul Atkins is interested in advancing the sector.
Hougan sees a 4,000x opportunity in the tokenization market. He recommends holding a basket of top Layer 1 blockchains like Ethereum, Solana, XRP, and Chainlink. Investing in stocks like Robinhood, Coinbase, and Circle could also benefit from tokenization. Hougan advises against concentrating bets on a single player in the market.
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