Kraken Co-CEO: Tokenized stocks will be much larger than stablecoins

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ODAILY
04-01
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Kraken's co-CEO Arjun Sethi stated that while stablecoins have clearly found one of the most powerful product-market fits in the cryptocurrency field, the scale of tokenized stocks will become even larger. In an interview, Sethi said: "How do we start thinking about new structured products using crypto liquidity rails? Stablecoins are one of them, but imagine the achievements of stablecoins so far. We will have thousands of new products that are equivalent to or larger than stablecoins. The value of a tokenized stock will be equal to or greater than Tether, and now you can have 50, 500, 1000 tokenized stocks - and then trade futures and options on top of that... The market will be larger and faster than we are accustomed to." Sethi expressed a positive attitude towards tokenized stocks, not only because of their high transparency, speed, and 24/7 trading capabilities, but also because they are more easily accessible globally.

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