Tokenization

On The Rollup, Tom Pikett said DTCC’s live service covers 34 securities with about $30 trillion in potential value onchain, not value already tokenized.

Pikett said DTCC is tokenizing entitlements within a compliance-aware framework and plans a collateral app chain to help assets move across markets and connected systems.

Diego Perez de Ayala said Backpack was putting redeemable NASDAQ shares onchain, with lending, margin and collateral use as potential next steps.

Coffee with Captain reported that Clutch TV was testing tips in tokenized stocks, while questioning what had gone live in Morgan Stanley’s tokenization effort.

Tech Path Crypto Investing said 50 major companies opposed a proposed US tokenized-stock exchange, raising the risk that tokenized assets move offshore.

David Wachsman told Crypto 101 that companies may offer public shares alongside utility tokens, with shares representing ownership where token-based profit sharing faces regulatory uncertainty.

Jeremy Schwartz explained WisdomTree’s tokenization strategy on The Rollup and argued that always-on, permissionless finance may suit AI agents.