Circle · Wall Street · Coinbase · Bitcoin · CoinDesk
Wall Street's tokenization boom could have bigger winners than bitcoin and ether, Citrini confirms
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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 $81,782.95 and ether ETH $2,479.47, according to the well-followed research firm Citrini Research.
Key facts
- Citrini also mentioned Figure Technology Solutions (FIGR) for tokenized lending, SoFi SOFI $15.62
- Market Closed for stablecoin payments, and institutionally focused digital asset exchange operator
- 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 $81,782.95 and ether ETH
- Citrini's crypto basket also included ether.fi (ETHFI) for crypto-based financial services, Chainlink LINK $12.75 for market data and LayerZero ZRO $1.9667 for connecting blockchains
- It also included Pendle (PENDLE), which allows investors to trade future income from interest-bearing assets, while Ondo Finance ONDO $0.4674 provides tokenized U.S. Treasury, stock products
Summary
Influential research firm Citrini Research sees tokenization opening a major new market for crypto, arguing that companies and protocols collecting fees from trading, lending and payments could benefit more than bitcoin or ether. Securitize, Coinbase, Robinhood Circle are among the stocks highlighted as potential beneficiaries of Wall Street moving financial assets onto blockchains, alongside Figure, SoFi and Bullish. Citrini was even more optimistic on opportunities among crypto tokens, highlighting Aerodrome, Maple, Ondo, Pendle and Derive, among others, while warning that growing blockchain activity doesn't always translate into higher token prices.