Hey · Crypto
If there is an out to revive the crypto market, wouldn't this be it? A short clip recently uploaded by Codeco…
If there is an out to revive the crypto market, wouldn't this be it? A short clip recently uploaded by Codeco features an interview with JPEGTrading co-founder Kevin March, discussing the collateralization of tokenized stocks: If the lending and collateralization functions of tokenized stocks are combined, It will become possible to buy Pepe coins using my Apple stocks as collateral. In reality, current industry movements include: Everyone is aware of BlackRock's serious punch regarding tokenization; The US exchange Kraken allows tokenized stocks and ETFs as trading collateral (https://blog.kraken.com/product/xstocks/eligible-as-collateral-for-futures-and-margin); Bybit also allows major tokenized stocks as collateral for margin, loans, and institutional lending. (https://announcements.bybit.com/en/article/6-xstocks-assets-added-as-collateral-for-margin-trading-crypto-loans-and-institutional-loans--art2f3f46ec44cd/) With the launch of Ondo Perps DEX, Ondo has allowed tokenized stocks to be used as collateral for futures trading (https://x.com/CoinMarketCap/status/2074734017002279204?s=20) It is showing a pattern of \[Expansion of the tokenization market -> Listing of tokenized stocks -> Allowing tokenized stocks as collateral]. While there are counterarguments asking, "Why buy trash coins with fundamental stocks?", the important thing is the creation of an environment that will inject madness. If one can play in another playground using the stock market as collateral, wouldn't madness return to the crypto market once again?