Tokenization expands crypto market, but may come at altcoins’ expense
Tokenization has been the major narrative around the crypto market over the past year. Following US President Donald Trump’s passage of the GENIUS Act for stablecoin regulation and the Senate’s deliberation on the market structure CLARITY bill, every major crypto player has hopped on the trend.
Last Wednesday, Ondo Finance launched over 200 tokenized assets on the Solana (SOL) blockchain, including stocks, commodities, bonds and index funds.
BlackRock CEO Larry Fink, who has been vocal about his support for tokenized assets, noted in a speech at the World Economic Forum on Thursday that tokenization is the next step for global financial markets.
Meanwhile, the New York Stock Exchange (NYSE) recently announced a new trading venue…
