Michael Selig, CFTC chair, urged regulators to prepare for “mass tokenization.” McKinsey’s base case projects $1.9 trillion in tokenized assets by 2030, versus $38.6 billion in tradable assets today. The Motley Fool names Robinhood and Solana as investment options.
Tokenization represents an asset’s ownership information as a blockchain-managed digital token. The article argues that fees are more likely to accrue to tokenization services and the networks hosting trades than to buyers of tokenized assets. Solana held $491.1 million in tokenized stocks on Sept. 25, but burns only half its base fees; a developer proposal estimated it destroyed about 648 SOL daily while issuing roughly 60,000 SOL to pay validators. Governance votes rejected recent proposals addressing the issue.
Robinhood launched the Robinhood Chain this summer primarily for trading tokenized stocks; fees were $35.2 million in the first 25 days of September, compared with $6.7 million for all of August. The article also describes Pons, a meme-coin launchpad pairing new coins with tokenized stocks, as much riskier: it reported $31.5 million in August fees, but revenue fluctuates with crypto speculation and its long-term investment case is unclear.
