Nasdaq CEO Adena Friedman stated at the TOKEN2049 conference in Singapore that tokenization could unlock tens of billions of dollars in trapped capital. Tokenized financial assets like stocks and bonds can be traded 24/7 through blockchain technology, fulfilling a demand from retail investors who have awaited this capability for about a decade. The tokenized stocks market has grown 473% this year to reach a capitalization of $3.75 billion, with Ondo leading at $980 million, followed by xStocksFi at $954 million and Binance bStocks at $877 million. Growing institutional interest also contributed to the passage of the GENIUS Act in the United States, which establishes a regulatory framework for stablecoins.
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