Wall Street's tokenization boom could have bigger winners than bitcoin and ether, Citrini says
The research firm sees tokenized stocks, bonds and loans creating new markets for trading and lending, with fee-generating platforms and companies poised to benefit.
The tokenization of stocks, bonds, and loans on Wall Street is expected to create new markets for trading and lending, according to research firm Citrini. This could benefit fee-generating platforms and companies.
The US stock market saw declines, with the Dow Jones down 0.44%, the S&P 500 down 0.4%, and the Nasdaq down 0.6%. According to Handelsblatt, this was due to rising oil prices, which increased by 5.2% to $105.46 per barrel for Brent crude and $92.84 per barrel for US crude.
Oil price jumps were reported by multiple outlets, including The Sydney Morning Herald and The Age, which stated that the price of Brent crude rose back above $US104. Technology stocks fell sharply, with the Nasdaq 100 down 0.6%. CNBC World noted that the stock market had previously hit an all-time high, despite deteriorating macroeconomic conditions.
Brief written by urgent.news from CoinDesk, Handelsblatt, The Sydney Morning Herald, The Age, CNBC World — 5 reports on this story. Machine-written — may contain errors; check the original before relying on it.
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