The US Securities and Exchange Commission establishes a tokenized stock trading framework, and TD Cowen expects limited short-term demand

The US Securities and Exchange Commission has established a five-year framework for tokenized stock trading. TD Cowen stated that US investors can now easily access stocks, and issuers have limited interest in tokenization, with low expected short-term adoption rates. TD Cowen pointed out that the trading volume of perpetual contracts is much higher than that of tokenized spot products, which is a greater attraction for obtaining exposure to cryptocurrency stocks. (Source: Bloomberg)