Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Ethereum stands to gain the most from the tokenization wave washing over Wall Street, BlackRock (NYSE:BLK) says. "As we look towards the next era of tokenization, Ethereum may be poised to be a beneficiary of growth," BlackRock strategists said in its 2026 outlook, citing the network’s share of the tokenization market. Ethereum hosts over 65% of tokenized assets, with a commanding lead over second-place ...

Core Viewpoint - The New York Stock Exchange (NYSE) is developing a platform for the trade and on-chain settlement of tokenized securities, aiming to enhance trading experiences and seek regulatory approval for this initiative [1][2]. Group 1: Platform Features - The new digital platform will offer 24/7 trading of U.S.-listed stocks and ETFs, instant settlement, fractional share trading, and stablecoin-based funding [2]. - It will support multiple chains for settlement and custody, allowing tokenized shareholders to participate in traditional dividends and governance rights [3]. Group 2: Industry Perspectives - Galaxy Digital's CEO Mike Novogratz emphasized that tokenizing equities is a powerful tool for promoting U.S. brands globally, enabling access to major companies for citizens worldwide [4]. - Binance co-founder Changpeng Zhao described the NYSE's move as "bullish" for the industry, indicating positive sentiment towards tokenization [5]. Group 3: Regulatory Landscape - The NYSE's initiative follows a similar proposal by Nasdaq to allow tokenization of equity securities and ETFs, which has already been filed with the SEC [6]. - However, the sector faces regulatory challenges, as evidenced by Coinbase's withdrawal of support for a crypto market structure bill that restricts on-chain versions of stocks [7]. - Currently, tokenized equities are not available for trading in the U.S., but companies are actively exploring the concept [7]. Group 4: Market Reaction - ICE shares closed 0.40% higher at $173.98, with a year-over-year gain of 14.67%, reflecting a positive market response to the developments in tokenized securities [8].

Core Insights - Coinbase aims to become the leading financial app globally by developing an "everything exchange" that encompasses various asset classes including crypto, equities, prediction markets, and commodities [2][3] - The company is positioning itself as a competitor to Robinhood and traditional brokerages by offering 24-hour stock trading with zero commissions [2] - A significant focus is on tokenized equities, which will allow for 24/7 trading and lower costs compared to traditional exchanges [3] Group 1: Strategic Priorities - The first priority is to achieve global dominance by expanding the everything exchange across multiple asset classes [2] - The second priority involves scaling the use of USDC stablecoin for everyday transactions, aiming to replace traditional banking fees [4][5] - The third priority leverages Coinbase's Ethereum layer-2 network, Base, to enhance on-chain activities and improve product quality [6] Group 2: Market Dynamics - Regulatory clarity and institutional adoption are converging to integrate crypto into the financial core, driven by factors such as spot crypto ETFs and stablecoin usage [6][7] - The recent approval of the GENIUS Act is seen as a catalyst for aggressive USDC adoption [5] - The stock price of Coinbase (COIN) is currently testing critical support at $218, following a 48% decline from its peak in July [10] Group 3: Price Analysis - COIN has shown a 3.32% increase after touching the lower Bollinger Band at $218.32, indicating potential for a bounce from this support level [10] - Immediate resistance levels are identified at $260.32, $251.52, and $284.73, with upside targets ranging from $260 to $340 on sustained breakout [11] - A break below $218 could lead to targets of $200, with further risks below $180 potentially opening up to $150-$160 [11]

Kraken exchange announced that xStocks, the gold standard for tokenized equities, has launched on TON , the open network linked to Telegram. This means that users of the social media platform will have access to tokenized versions of US stocks and Exchange Traded Funds (ETFs) through the app’s wallet. No Broker Account, No Complex Onboarding With xStocks With xStocks now live on the TON network, users have exposure to permissionless, onchain U.S. equity. As a result of this integration, users can buy, ...

Coinbase Preps Prediction Market, Tokenized Equities Launch for December 17: Report► https://t.co/aZFKRcOUM6 https://t.co/aZFKRcOUM6 ...

RT OnChain (@onchaineduX)tokenized equities / commodities will be the biggest growth catalyst for DeFi we will ever see.pair that with easy access to consumer leverage via perps + spot spreads tighter than CEX quotes on-chain via pAMMs, and you are cooking with serious fire.still early ...

.@marygooneratne, @arush, @tarunchitra, and @ShreyRastogi1 got into a heated debate about whether derivative-based models for tokenized equities make sense https://t.co/X7CejWo96S ...

RT Dinari (@DinariGlobal)Today’s SEC panel on tokenized equities brought together traditional and digital-asset market leaders to examine how tokenization fits into the existing securities framework.TL;DR: The issues raised today are the ones Dinari solved from day one. https://t.co/D08nyNjkAU ...

Regulatory Landscape - SEC is discussing tokenized equities, indicating increasing regulatory attention [1] - The industry is observing growing momentum and clarity for bringing tokenized equities on-chain [1] Market Opportunity - The tokenized equities market demands specific infrastructure requirements [1] - Key requirements include custom rulesets, reliable execution, low costs, and native integration with DeFi primitives [1] Competitive Positioning - DinariGlobal is uniquely positioned for success in the tokenized equities market [1] - DinariGlobal's Avalanche L1 provides a technological advantage [1] - The company aims to tokenize the world's assets [1]

Core Insights - Coinbase Global CEO Brian Armstrong announced a significant update for the firm, set to be revealed on December 17, sparking speculation within the crypto industry about potential new offerings [1][2][6] Speculation on New Offerings - The announcement has led to various theories from the community, including the possibility of new token launches, expanded product offerings, and improved customer support [2][3] - There is speculation that Coinbase may introduce or expand services related to tokenized stocks, which would allow for 24-hour trading and faster settlement of traditional stocks on a blockchain [4][6] - Interest in tokenized stocks has increased this year due to policy shifts in the U.S. that are easing restrictions on crypto-related activities [7] Expansion of Services - Another theory suggests that Coinbase may be aiming to enhance its "all-in-one" on-chain application vision, building on the introduction of the "Base App" in July, which is part of a multi-year effort to make on-chain tools more accessible to mainstream consumers [8]