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Promote with Leviathan NewsKraken co-CEO Arjun Sethi has argued that tokenized equities – traditional stocks issued and traded as blockchain tokens – could ultimately become a larger market than stablecoins, positioning them as the next major phase of crypto adoption after Bitcoin, altcoins and stablecoins. He frames tokenized stocks as a familiar, globally recognized asset class that can showcase how real‑world assets move onto blockchains, potentially broadening access to capital markets and creating new distribution channels for equities. This thesis underpins Kraken’s recent strategic moves, including its push into tokenized assets and its acquisition of futures and trading platform NinjaTrader, which Sethi presents as part of a broader effort to fuse traditional finance infrastructure with crypto-native products. In public interviews, including appearances at Consensus and other industry events, Sethi has described tokenized equities as a “natural evolution” of crypto markets: from BTC and ETH to altcoins and meme coins, then to stablecoins, and now to real‑world assets like tokenized stocks. He argues that equities markets today are fragmented by geography and infrastructure, and that tokenization could enable 24/7 trading, programmable settlement, and cross‑border access using crypto rails. The NinjaTrader deal fits this strategy by bringing a large base of traditional derivatives and futures traders, along with established brokerage and execution tooling, into Kraken’s ecosystem so that traditional products and crypto products can be traded and collateralized together. This positioning comes as major exchanges and financial institutions increasingly explore tokenization of securities and real‑world assets as a growth area beyond pure crypto trading. The story matters because it illustrates how a leading global crypto exchange is betting that the next wave of growth will come not only from native crypto tokens but from tokenized versions of conventional financial assets. For Kraken, integrating platforms like NinjaTrader and rolling out tokenized equity products is a way to sit “in the middle” between decentralized finance and centralized traditional finance, offering a single venue for spot crypto, derivatives, stablecoins and tokenized securities. More broadly, Sethi’s claim that tokenized equities could “dwarf” stablecoins highlights a strategic shift in the industry toward real‑world asset tokenization as a long‑term, larger addressable market than today’s payment‑focused stablecoin sector.
AI-generated background, compiled from web sources — not editorial content.
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