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The idea of Wall Street\u2019s \u201cclosing bell\u201d could soon become a thing of the past.<\/p>\n
As blockchain technology shifts deeper into global finance, tokenized stocks \u2014 basically digital representations of traditional stocks \u2014 are moving from the crypto space to major financial institutions, The Wall Street Journal (WSJ)\u00a0reported<\/a>\u00a0Thursday (April 2).<\/p>\n That report notes that while U.S. regulators \u2014 at least from now \u2014 bar retail investors from owning these assets, interest is rising at the institutional level.<\/p>\n Robinhood<\/a>\u00a0and\u00a0Kraken<\/a>\u00a0offer\u00a0tokenized trading<\/a>\u00a0to foreign customers, while the\u00a0New York Stock Exchange<\/a>\u00a0and\u00a0Nasdaq<\/a>\u00a0are both working on\u00a0tokenization platforms<\/a>.<\/p>\n These moves are mirrored by the\u00a0Depository Trust & Clearing Corp.<\/a>\u00a0(DTCC), which plans to tokenize U.S. Treasuries later this year as part of a larger ambition to eventually tokenize its entire $100 trillion asset catalog.<\/p>\n We\u2019d love to be your preferred source for news<\/a>.<\/p>\n Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n \u201cThis is no longer driven by FOMO,\u201d said\u00a0Nadine Chakar<\/a>, global head of digital assets at DTCC. \u201cIt\u2019s truly driven by real business cases, client demands.\u201d<\/p>\n Advertisement: Scroll to Continue<\/p>\n<\/div>\n \u201cWe are keeping an eye toward the future, where our ambition is to tokenize all $100 trillion in assets that we have. That is the ultimate goal that we\u2019re striving for,\u201d she added.<\/p>\n Still, the WSJ report said, this transition isn\u2019t without friction. The sector is still a niche market, valued at approximately $900 million compared to the trillions in global equities<\/p>\n