Add as a preferred source on GoogleCZ Says Tokenized U.S. Stocks Attract Overseas Interest
CZ cited markets in some populous countries where daily trading can be as low as $50 million, comparable with one New York investor’s volume.
CZ said overseas investors are showing interest in blockchain-based versions of U.S. stocks, while many have trouble accessing American brokerage accounts.
He cited populous countries where total stock-market trading may be as low as $50 million a day. CZ said one investor in New York could generate a similar amount of trading activity.
Tokenization turns conventional assets into blockchain-based digital tokens, potentially widening access to trading. The approach could extend beyond stocks to water and rare-earth minerals, which lack established trading venues.
Tokenized-stock instruments have logged $16.8 billion in decentralized exchange volume over 30 days.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.