Tiger Research Warns of Liquidity Fragmentation from SEC's Tokenized Stock Decision

Tiger Research has expressed concerns regarding the U.S. Securities and Exchange Commission's (SEC) decision to allow tokenized stock listings. According to NS3.AI, the research firm highlighted potential risks associated with this move, including the fragmentation of liquidity across various blockchain platforms. Ryan Yoon, a representative from Tiger Research, noted that diverting order flow from centralized venues might lead to price discrepancies, increased slippage, and reduced market efficiency. These factors could pose challenges to maintaining a stable and efficient market environment.