Nasdaq Chief Eyes Massive Billion-Dollar Crypto Boom in Tokenization
Nasdaq CEO Adena Friedman highlighted at TOKEN2049 that tokenization could free up tens of billions in trapped capital, driving a shift towards 24/7 markets with growing institutional interest. The tokenized stock market is experiencing significant growth, with a 473% increase to a $3.75 billion market cap, led by issuers like Ondo and Securitize. This evolution is attracting global attention and reshaping how financial assets are managed.David Isong • Crypto • 4 hours ago • 1 minute read •
At the recent TOKEN2049 conference in Singapore, Nasdaq CEO Adena Friedman emphasized the transformative potential of tokenization, projecting that it could unlock tens of billions of dollars in capital currently trapped within the global financial system. Tokenization involves representing financial assets like stocks, bonds, Treasurys, equities, and money market funds as digital tokens that can be transferred using blockchain technology. Friedman highlighted how tokenizing these assets, along with the flow of money, could make collateral
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