NYDIG: The initial benefits of stock tokenization to crypto networks are limited, but will gradually increase if decentralized integration is achieved.

Greg Cipolaro, Global Head of Research at NYDIG, stated that the tokenization of real-world assets (RWAs) such as stocks will initially bring limited direct benefits to the crypto market and blockchain networks. However, as accessibility, interoperability, and composability improve, their long-term value is expected to gradually materialize. Cipolaro pointed out that in the short term, the main revenue for blockchain networks comes from transaction fees generated by tokenized assets and the network effects accumulated from the custody of these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, entering DeFi scenarios as collateral, lending assets, or trading instruments, the benefits to related networks will significantly increase. He believes that tokenization is becoming an important trend. As the regulatory environment gradually clarifies and infrastructure continues to improve, the on-chain use cases for RWAs such as stocks are expected to expand. However, currently, tokenized assets vary considerably in form, and most still rely on compliance structures within the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their composability. Cipolaro also points out that while the current economic impact on traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve wider democratization, their reach and on-chain value capture capabilities will be significantly enhanced, making them worthy of continued attention from investors. (Cointelegraph)