Wall Street S Tokenization Boom Could Have Bigger Winners Than Bitcoin And Ether Citrini Says

The research firm sees tokenized stocks, bonds and loans creating new markets for trading and lending, with fee-generating platforms and companies poised to benefit.

Influential research firm Citrini Research sees tokenization opening a major new market for crypto, arguing that companies and protocols collecting fees from trading, lending and payments could benefit more than bitcoin or ether.

Securitize, Coinbase, Robinhood Circle are among the stocks highlighted as potential beneficiaries of Wall Street moving financial assets onto blockchains, alongside Figure, SoFi and Bullish.

Citrini was even more optimistic on opportunities among crypto tokens, highlighting Aerodrome, Maple, Ondo, Pendle and Derive, among others, while warning that growing blockchain activity doesn't always translate into higher token prices.

The research argued that flexibility opens new markets for trading platforms, lenders, stablecoin issuers and companies that handle securities ownership records. And the biggest winners may be the companies and crypto projects collecting fees from all that activity, the report said.

“We can't assume that majors, primarily BTC and ETH, will make new ATHs on this,” the report said, referring to all-time highs. “Even if they do, there are better expressions.”

Stock picks for playing tokenization

To identify opportunities, Citrini proposed two investment baskets, one focused on publicly traded stocks and another on crypto tokens.

The report was particularly interested in businesses that stand to earn fees as more of Wall Street moves onchain.

It highlighted tokenization firm Securitize (SECZ), which maintains the legal link between blockchain tokens and the securities they represent.

Crypto exchange Coinbase COIN $179.41 · Market Closed and digital brokerage Robinhood HOOD $109.04 · Market Closed offer exposure through their trading platforms and blockchain infrastructure, while stablecoin issuer Circle CRCL $84.52 · Market Closed could benefit from greater demand for its USDC stablecoin to settle transactions, the report said.

Citrini also mentioned Figure Technology Solutions (FIGR) for tokenized lending, SoFi SOFI $15.81 · Market Closed for stablecoin payments, and institutionally focused digital asset exchange operator Bullish BLSH $32.60 · Market Closed , CoinDesk’s parent company, which is acquiring registrar Equiniti.

Crypto tokens benefitting from tokenization

Citrini said it was "actually more excited" its separate crypto-token basket, which it said offers broader exposure than the limited universe of listed companies.

1 One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risks 17 hours ago

2 Tokenized commodities look beyond gold as lending and oil open new markets 17 hours ago

3 Bitcoin's $19 billion wake-up call: One-year after flash crash, has crypto learned anything? 18 hours ago

4 Bitcoin's volatility has plunged, but extreme price swings are more frequent than in 2018 23 hours ago

5 Robinhood Chain slowdown spreads from fees to trading as transactions fall more than 40% 1 day ago

6 XRP Ledger patched decade-old bug that could create billions of dollars in XRP from nothing 1 day ago

7 Visa survey says nearly half of APAC consumers open to using stablecoins by 2031 1 day ago

8 U.S. CFTC moves to fold event contracts into swaps regulations as legal fight rages 1 day ago

9 Robinhood Chain considers technology that gives paying traders priority 1 day ago

10 New York AG secures up to $35 million and lifetime crypto ban from Celsius’ Alex Mashinsky 1 day ago

Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins

Beyond the Risk-Free Rate: Diversified Real World Yield in Productive Stablecoins

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%. GENIUS pushes yield off-chain; TAM grows to $4B in 3 years.

One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risks

Bitcoin's $19 billion wake-up call: One-year after flash crash, has crypto learned anything?

Bitcoin's volatility has plunged, but extreme price swings are more frequent than in 2018

One year after 10/10 flash crash, bitcoin and ether liquidity have rebuilt, but altcoins still face risks

Tokenized commodities look beyond gold as lending and oil open new markets

Bitcoin's $19 billion wake-up call: One-year after flash crash, has crypto learned anything?