tokenized stocks are the most hyped product nobody actually needs. let me explain.
Backpack SPCX printed real volume onchain. you know how many people used it to move stocks from their broker? almost none. they bought onchain directly.
read that again.
the on-ramp - the entire pitch - went unused.
here's what the timeline keeps missing:
> if you're american, you already have us equities. tokenizing them changes nothing for you. you're not the customer. the customer is the 80% of the world locked out of us markets entirely — and they'll jump through fire for access.
so "putting a stock onchain" isn't the product.Ondo Finance and xStocks already did that. the product is what happens next:
> 24/7 liquidity,
> collateral,
> lending,
> composability.
even morgan stanley figured this out - they're building a wallet for tokenized stocks, bonds, real estate.
most of these projects are racing to tokenize assets nobody will trade. the winners are building what you can finally do with them.
this is why i pay attention to glider. they're building for the 80%, not re-selling access to people who already have it. access + onchain utility, not just tokenized tickers.
you're early to the wrong half of this trade. fix that - https://glider.fi/r/b5022274
Backpack SPCX printed real volume onchain. you know how many people used it to move stocks from their broker? almost none. they bought onchain directly.
read that again.
the on-ramp - the entire pitch - went unused.
here's what the timeline keeps missing:
> if you're american, you already have us equities. tokenizing them changes nothing for you. you're not the customer. the customer is the 80% of the world locked out of us markets entirely — and they'll jump through fire for access.
so "putting a stock onchain" isn't the product.Ondo Finance and xStocks already did that. the product is what happens next:
> 24/7 liquidity,
> collateral,
> lending,
> composability.
even morgan stanley figured this out - they're building a wallet for tokenized stocks, bonds, real estate.
most of these projects are racing to tokenize assets nobody will trade. the winners are building what you can finally do with them.
this is why i pay attention to glider. they're building for the 80%, not re-selling access to people who already have it. access + onchain utility, not just tokenized tickers.
you're early to the wrong half of this trade. fix that - https://glider.fi/r/b5022274