Wall Street's tokenization boom could have bigger winners than bitcoin and ether, Citrini says
Wall Street's move into blockchain technology could open a vast new market for crypto, but investors betting on tokenization may find better opportunities than bitcoin $BTC$81,679.10 and ether $ETH$2,460.49, according to the well-followed research firm Citrini Research.
In a 79-page report titled Breaking the Wall, published Thursday, the research firm argued that bringing stocks, bonds and other financial assets onto blockchains could create new businesses in trading, lending and payments.
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$174.87 and digital brokerage Robinhood HOOD$107.87 offer exposure through their trading platforms and blockchain infrastructure, while stablecoin issuer Circle CRCL$80.71 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$15.55 for stablecoin payments, and institutionally focused digital asset exchange operator Bullish BLSH$31.49, CoinDesk’s parent company, which is acquiring share registrar Equiniti.
Wall Street's move into blockchain technology could open a vast new market for crypto, but investors betting on tokenization may find better opportunities than bitcoin $BTC$81,679.10 and ether $ETH$2,460.49, according to the well-followed research firm Citrini Research.
In a 79-page report titled Breaking the Wall, published Thursday, the research firm argued that bringing stocks, bonds and other financial assets onto blockchains could create new businesses in trading, lending and payments.
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$174.87 and digital brokerage Robinhood HOOD$107.87 offer exposure through their trading platforms and blockchain infrastructure, while stablecoin issuer Circle CRCL$80.71 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$15.55 for stablecoin payments, and institutionally focused digital asset exchange operator Bullish BLSH$31.49, CoinDesk’s parent company, which is acquiring share registrar Equiniti.