Tokenized stocks: what the voices are saying

Each voice's latest take

Calls about Tokenized stocks

• Tokenized stock trading is coming, but the full market-structure buildout on tokenized rails will be slower than people expect.

  “But like everything on tokenized rails is not as fast as people are thinking.”

  NeutralPrediction: slow tokenized rails rolloutScott Melker, Scott Melker, Oct 21, 2026Episode summaryWatch at 5:54
• Tokenized stock rollout and voting-rights issues will be an iterative process over roughly the next year.

  “this is going to be a process that iterates over, you know, the next year or so”

  BullishPrediction: iterative tokenized equity rollout (next year or so)Nicola White, Scott Melker, Oct 21, 2026Episode summaryWatch at 5:54
• The end state for tokenized equities is companies issuing shares directly on-chain, though it may not happen in his lifetime.

  “the end state is the company issuing the share itself on chain”

  BullishPrediction: native on-chain share issuanceArjun Sethi, Scott Melker, Oct 18, 2026Episode summaryWatch at 34:06

Every mention

• Companies objecting to tokenized stock plans are mostly reacting reflexively and want to wait for the innovation exemption to become a rule.

  “this is an initial knee-jerk reaction by companies who would prefer to sit on the sidelines for a little while and see how it goes.”

  NeutralScott Melker, Scott Melker, Oct 28, 2026Episode summaryWatch at 20:53
• Tokenized stock trading is coming, but the full market-structure buildout on tokenized rails will be slower than people expect.

  “But like everything on tokenized rails is not as fast as people are thinking.”

  NeutralPrediction: slow tokenized rails rolloutScott Melker, Scott Melker, Oct 21, 2026Episode summaryWatch at 5:54
• Tokenized stock rollout and voting-rights issues will be an iterative process over roughly the next year.

  “this is going to be a process that iterates over, you know, the next year or so”

  BullishPrediction: iterative tokenized equity rollout (next year or so)Nicola White, Scott Melker, Oct 21, 2026Episode summaryWatch at 5:54
• Non-US customers mainly want price exposure to US equities, so tokenized stocks are a bigger story outside the US than inside it.

  “you literally have no access to U.S. capital markets”

  BullishScott Melker, Scott Melker, Oct 21, 2026Episode summaryWatch at 7:18
• Tokenized stocks are still nascent at just under a billion dollars, a drop in the bucket compared with what the next ten years will look like.

  “today we're just, you know, shy of a billion”

  BullishArjun Sethi, Scott Melker, Oct 18, 2026Episode summaryWatch at 34:39
• The end state for tokenized equities is companies issuing shares directly on-chain, though it may not happen in his lifetime.

  “the end state is the company issuing the share itself on chain”

  BullishPrediction: native on-chain share issuanceArjun Sethi, Scott Melker, Oct 18, 2026Episode summaryWatch at 34:06
• Kraken will take companies public via native on-chain issuance this year or next.

  “this year or even next year, you will see us and we're working with companies today”

  Mentioned in passingPrediction: companies taken public with native issuance (this year or next)Arjun Sethi, Scott Melker, Oct 18, 2026Episode summaryWatch at 37:24#Kraken
• Current tokenized stocks are derivative return streams rather than issued shares, though issuers directly issuing native stocks on-chain will eventually come.

  “the early moves to tokenize stocks are creating derivative instruments.”

  NeutralSandy Kaul, Scott Melker, Oct 16, 2026Episode summaryWatch at 21:43
• Tokenized stocks suffered larger liquidations than crypto tokens during Bitcoin's drop and a Korean chip selloff.

  “for the first time ever we saw a tokenized stocks suffer more than our actual tokens on that leverage wipeout”

  BearishScott Melker, Scott Melker, Oct 16, 2026Episode summaryWatch at 47:13#Bitcoin

Often discussed alongside

• Bitcoin (BTC)Crypto
• KrakenCompany