{"id":430289,"date":"2026-06-11T13:24:19","date_gmt":"2026-06-11T07:54:19","guid":{"rendered":"https:\/\/dripp.zone\/news\/cryptos-killer-app-may-be-selling-stocks-after-its-own-tokens-failed-retail-crypto-news\/"},"modified":"2026-06-11T13:36:32","modified_gmt":"2026-06-11T08:06:32","slug":"cryptos-killer-app-may-be-selling-stocks-after-its-own-tokens-failed-retail-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/cryptos-killer-app-may-be-selling-stocks-after-its-own-tokens-failed-retail-crypto-news\/","title":{"rendered":"Crypto\u2019s killer app may be selling stocks after its own tokens failed retail &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p>A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar.<\/p>\n<p>The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return was -82%. Tokenized stocks appear to be the answer that exchanges are giving to failing token launches.<\/p>\n<figure id=\"attachment_540822\" aria-describedby=\"caption-attachment-540822\" style=\"width: 1211px\" class=\"wp-caption aligncenter\"><noscript><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-540822 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_wWEnPVeaR4.jpg\" alt=\"New CEX crypto listings failed the retail test\" width=\"1211\" height=\"677\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_wWEnPVeaR4.jpg 1211w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_wWEnPVeaR4-300x168.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_wWEnPVeaR4-1024x572.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_wWEnPVeaR4-768x429.jpg 768w\" data-sizes=\"(max-width: 1211px) 100vw, 1211px\"\/><figcaption id=\"caption-attachment-540822\" class=\"wp-caption-text\">Delphi Consulting&#8217;s analysis of 652 token listings across five major exchanges from January 2025 through May 2026 found a 12% win rate and a median return of -82%.<\/figcaption><\/figure>\n<p>Kraken now offers more than 100 tokenized stocks and <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/etf\/\">ETFs<\/a> through its xStocks product, with 24\/5 trading, $1 minimums, and self-custody support.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/robinhood\/\">Robinhood<\/a> EU lists more than 2,000 Stock Tokens linked to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/nvidia\/\">Nvidia<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/microsoft\/\">Microsoft<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/apple\/\">Apple<\/a>, and the Vanguard S&#038;P 500, with minimums of \u20ac1 and 24\/5 access.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/coinbase\/\">Coinbase<\/a> offers stock and ETF trading inside the same app as crypto, with zero commission, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/usd-coin\/\">USDC<\/a> funding, and $1 fractional shares for US users, with a longer-term plan to make tokenized stocks available globally as on-chain collateral.<\/p>\n<p>Tokenized stocks across all platforms <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/app.rwa.xyz\/stocks\">held $1.48 billion in distributed value<\/a> as of June 1, up 39% over 30 days, with $4.2 billion in monthly transfer volume.<\/p>\n<h2>What Binance Research says the opportunity is<\/h2>\n<p>Binance Research reported that equity ownership outside the US runs broadly below 20%, compared with 62% of Americans holding equities, attributing the gap to infrastructure access.<\/p>\n<p>The same report projects that crypto exchanges could channel <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.binance.com\/en\/research\/analysis\/equity-layer-from-tokens-to-tickers\">$2 trillion in incremental capital<\/a> and nearly 300 million new users into global equity markets by 2031 under a base case, rising to $5 trillion in annual incremental equity capital under a bull case.<\/p>\n<p>Some AI-cycle stocks traded above $1,000 per share during periods when average monthly wages in parts of Africa and Southern Asia were below $300, making single-share ownership inaccessible without fractional shares.<\/p>\n<p>Binance says stablecoins could remove an average of 3.6% and about $40 per transaction in cross-border off-ramp costs, and that TradFi-linked perpetuals already account for roughly 10% of stablecoin <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/trading\/\">trading<\/a> volume, positioning stablecoins as general-market access infrastructure.<\/p>\n<table>\n<thead>\n<tr>\n<th>Binance Research point<\/th>\n<th>Why it matters for tokenized stocks<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Equity ownership outside the US broadly below 20% vs 62% in the US<\/td>\n<td>Large access gap for emerging-market users<\/td>\n<\/tr>\n<tr>\n<td>Nearly 300M potential new users by 2031<\/td>\n<td>Crypto exchanges become global brokerage gateways<\/td>\n<\/tr>\n<tr>\n<td>$2T base-case incremental capital by 2031<\/td>\n<td>Tokenized equities become a major financial access product<\/td>\n<\/tr>\n<tr>\n<td>$5T bull-case annual incremental equity capital<\/td>\n<td>Upside case if crypto rails become normalized equity infrastructure<\/td>\n<\/tr>\n<tr>\n<td>Stablecoins can reduce off-ramp costs by 3.6% \/ ~$40 per transaction<\/td>\n<td>Stablecoins become brokerage cash, not just crypto trading collateral<\/td>\n<\/tr>\n<tr>\n<td>TradFi-linked perps at ~10% of stablecoin trading volume<\/td>\n<td>Demand for non-crypto assets is already appearing inside crypto markets<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>A user buying tokenized Nvidia with USDC creates demand for stablecoin settlement, exchange revenue, custody activity, and tokenization platform fees.<\/p>\n<p>If stock trading activity routes through base-layer networks for settlement or collateral, select protocols could capture fee and staking demand from equity flows that never touch a new token listing, expanding the total addressable market even if crypto asset <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/adoption\/\">adoption<\/a> stagnates.<\/p>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon.jpg\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-540872 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1024x576.jpg\" alt=\"Cartoon showing crypto characters at a funeral for failed token listings as tokenized stock symbols enter the market.\" width=\"1024\" height=\"576\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1024x576.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-300x169.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-768x432.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-480x270.jpg 480w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1200x675.jpg 1200w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon.jpg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazyload aligncenter wp-image-540872 size-large\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1024x576.jpg\" alt=\"Cartoon showing crypto characters at a funeral for failed token listings as tokenized stock symbols enter the market.\" width=\"1024\" height=\"576\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1024x576.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-300x169.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-768x432.jpg 768w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-480x270.jpg 480w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon-1200x675.jpg 1200w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/tokenized-stocks-cartoon.jpg 1280w\" data-sizes=\"(max-width: 1024px) 100vw, 1024px\"\/><\/a><\/p>\n<h2>The Delphi data and what it says about demand<\/h2>\n<p>Numbers from a recent Delphi report show that exchanges spent the 2025 cycle <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Delphi_Digital\/status\/2061902769557250312?s=20\">listing hundreds of tokens<\/a> that overwhelmingly destroyed retail capital, and the same platforms now offering Nvidia or Apple exposure are implicitly conceding that the native listing product lost user trust.<\/p>\n<p>A retail user with a stablecoin balance can now buy tokenized exposure to a company with quarterly earnings, analyst coverage, and a familiar brand through the same account that previously offered only new token listings at a -82% median return.<\/p>\n<p>Tokenized stocks give existing crypto account holders a <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/sec-tokenized-stocks-exemption-crypto-rails\/\">competing asset class<\/a> inside the same account, and if exchanges succeed in making that the primary growth product, they validate crypto rails while reducing the addressable demand pool for new token listings.<\/p>\n<p>Institutional allocators rotating from <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/bitcoin\/\">Bitcoin<\/a> ETFs into AI equities, and retail users in crypto apps choosing tokenized stocks over new listings, put the structural demand argument for long-tail tokens under simultaneous pressure from both ends of the capital stack.<\/p>\n<div id=\"cs-inline-newsletter-6a2a5d443f1ee\" class=\"cs-inline-newsletter\" data-inline-newsletter=\"\">\n<div class=\"cs-inline-newsletter__inner\">\n<div class=\"cs-inline-newsletter__content\"> <span class=\"cs-inline-newsletter__eyebrow\">CryptoSlate Daily Brief<\/span><\/p>\n<h3 class=\"cs-inline-newsletter__title\">Daily signals, zero noise.<\/h3>\n<p class=\"cs-inline-newsletter__copy\">Market-moving headlines and context delivered every morning in one tight read.<\/p>\n<p> <span><i class=\"fa-regular fa-bolt\" aria-hidden=\"true\"\/> 5-minute digest<\/span> <span><i class=\"fa-regular fa-star\" aria-hidden=\"true\"\/> 100k+ readers<\/span><\/p>\n<\/div>\n<div class=\"cs-inline-newsletter__form-shell\">\n<p class=\"cs-inline-newsletter__privacy\">Free. No spam. Unsubscribe any time.<\/p>\n<p> <i class=\"fa-regular fa-circle-xmark\" aria-hidden=\"true\"\/> <span>Whoops, looks like there was a problem. Please try again.<\/span><\/p>\n<p> <i class=\"fa-regular fa-circle-check\" aria-hidden=\"true\"\/> <span>You\u2019re subscribed. Welcome aboard.<\/span><\/p>\n<\/div>\n<\/div>\n<\/div>\n<p>Exchanges running that model become TradFi distributors on crypto infrastructure, capturing stock trading revenue while the native listing business shrinks to a secondary product.<\/p>\n<p>Base layers may still benefit from settlement and collateral activity, but governance tokens, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/altcoins-wont-recover-when-bitcoin-finally-rebounds-and-heres-why\/\">new altcoin listings<\/a>, and assets without earnings or utility face a valuation problem that tokenized stocks make harder to ignore.<\/p>\n<h2>What the products actually are<\/h2>\n<p>Kraken says xStocks provide <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/price-watch\/\">price<\/a> exposure without shareholder rights such as voting, and Robinhood describes its Stock Tokens as derivative contracts that carry liquidity, currency, and counterparty risks.<\/p>\n<p>The SEC warns that third-party and synthetic tokenized securities may <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/sec-may-let-crypto-exchanges-trade-tokenized-stocks-without-asking-wall-street-first\/\">not represent ownership<\/a> of or contractual obligations tied to the underlying security, exposing holders to the risk of issuer or custodian bankruptcy.<\/p>\n<p>Tokenized stocks may reduce friction and expand reach, but users in emerging <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/market\/\">markets<\/a> buying stock-like exposure through a crypto <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/exchanges\/\">exchange<\/a> may discover during a market-stress event that they have held a synthetic product.<\/p>\n<p>The infrastructure win and the ownership disconnect can coexist, and it matters most precisely when market conditions make it most relevant.<\/p>\n<h2>Where value actually accrues<\/h2>\n<p><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/stablecoins\/\">Stablecoins<\/a>, exchanges, custodians, and tokenization issuers capture value from tokenized stock activity regardless of whether crypto-native tokens benefit.<\/p>\n<p>A user funding a tokenized Nvidia purchase with USDC through <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/companies\/kraken\/\">Kraken<\/a> generates stablecoin demand, exchange revenue, and tokenization platform fees without generating demand for <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/ethereum\/\">ETH<\/a>, <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/cryptoslate.com\/coins\/solana\/\">SOL<\/a>, or any new altcoin listing.<\/p>\n<figure id=\"attachment_540823\" aria-describedby=\"caption-attachment-540823\" style=\"width: 1207px\" class=\"wp-caption aligncenter\"><noscript><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-540823 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4.jpg\" alt=\"Tokenized stocks validate the rails, not necessarily the tokens\" width=\"1207\" height=\"626\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4.jpg 1207w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-300x156.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-1024x531.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-768x398.jpg 768w\" sizes=\"auto, (max-width: 1207px) 100vw, 1207px\"\/><\/noscript><img loading=\"lazy\" decoding=\"async\" class=\"lazyload wp-image-540823 size-full\" src=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4.jpg\" alt=\"Tokenized stocks validate the rails, not necessarily the tokens\" width=\"1207\" height=\"626\" srcset=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4.jpg 1207w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-300x156.jpg 300w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-1024x531.jpg 1024w, https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/06\/brave_s4SdyOi0o4-768x398.jpg 768w\" data-sizes=\"(max-width: 1207px) 100vw, 1207px\"\/><figcaption id=\"caption-attachment-540823\" class=\"wp-caption-text\">A tokenized Nvidia purchase with USDC directly benefits stablecoins, exchanges, and custodians, while base-layer tokens, DeFi governance tokens, and new listings gain no automatic demand.<\/figcaption><\/figure>\n<p>The bull case for crypto tokens requires that stock trading activity creates collateral, settlement, or staking demand that flows through crypto-native assets.<\/p>\n<p>That chain of value capture is commercially plausible but depends on product design choices that exchanges have not yet fully committed to.<\/p>\n<p>Binance Research&#8217;s $2 trillion base case and $5 trillion bull case describe capital flowing through crypto infrastructure without necessarily creating demand for crypto-native tokens, which depend on separate design choices that exchanges have not yet committed to.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Delphi Consulting analysis of 652 CEX listings from January 2025 onward found that a user buying every new token across Binance, Bybit, Coinbase, Gate.io, and Kraken would have kept roughly 50 cents on the dollar. The win rate across all listings was 12%, 52% of tokens lost more than 80%, and the median return [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":430291,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[274,273,272,244,266,271,268,270,269,267],"class_list":["post-430289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-de-fi","tag-crypto-finance","tag-decentralized-finance","tag-liquidity","tag-metamask","tag-pancake","tag-slippage","tag-sushiswap","tag-tronlink","tag-trust-wallet","tag-uniswap"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430289","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=430289"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430289\/revisions"}],"predecessor-version":[{"id":430293,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/430289\/revisions\/430293"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/430291"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=430289"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=430289"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=430289"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}