Reported 14 days ago
The crypto industry's push to tokenize stocks is alarming Wall Street, as major players warn of potential market fragmentation and investor risks. Platforms like Robinhood and Coinbase are rapidly introducing blockchain-based tokens linked to traditional equities, with the market value for these products soaring to $412 million. However, experts caution that these tokens often lack the rights and protections associated with standard shares, leaving investors vulnerable to misinformation and added risks. As the push faces scrutiny, regulators and financial giants call for a careful approach to ensure adequate investor protections.
Source: YAHOO