Tokenized equities are changing traditional markets, but not necessarily benefiting the crypto industry as predicted. The SEC is considering allowing blockchain versions of stocks to trade on crypto exchanges. Financial institutions like Robinhood are exploring their own blockchains for control. Value flow into the broader crypto ecosystem is uncertain with these developments.

Institutions are leaning towards building their own layer-1 blockchains, potentially hindering value flow back to Ethereum. Hybrid blockchains offer more control to companies while maintaining an option to be permissionless. This approach contrasts with the optimistic outlook of industry figures like Tom Lee, Jan van Eck, and Joseph Lubin.

The SEC is engaging with fund issuers and exchanges like VanEck and the NYSE about tokenized equities. Nasdaq has filed for a rule change to list and trade tokenized stocks. Tokenized stocks currently represent a small portion of onchain real-world asset value, with only $735 million, or 2.3% of the market share according to RWA.xyz.

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Bitcoin price surges to new all-time high of $60,000, driven by increased institutional adoption and growing mainstream acceptance. The cryptocurrency market cap reaches $1 trillion for the first time, with Bitcoin dominating 61% of the market share. Experts predict continued growth as interest in digital assets grows.: Tokenized Stocks May Not Boost Crypto As Predicted, Says Dragonfly Exec