Viewpoint: The initial benefits of stock tokenization for the crypto network are limited, but if decentralized integration is achieved, they will gradually expand

According to Cointelegraph, NYDIG's Global Research Director Greg Cipolaro stated that the tokenization of real-world assets (RWA) such as stocks brings limited direct benefits to the crypto market and blockchain networks in the early stages. However, as accessibility, interoperability, and composability improve, its long-term value is expected to be gradually released.

Cipolaro pointed out that in the short term, the main source of benefits for blockchain networks comes from transaction fees generated by tokenized assets and the network effects accumulated from custodial services for these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem, their roles as collateral, lending assets, or trading targets in DeFi scenarios will significantly enhance the benefits for related networks.

He believes that tokenization is becoming an important trend. With the regulatory environment gradually clarifying and infrastructure continuously improving, the use cases for RWAs like stocks on-chain are expected to expand. However, the current forms of tokenized assets vary greatly, and most still rely on compliance structures within the traditional financial system, such as KYC, whitelisted wallets, and transfer agents, which limits their composability.

Cipolaro also noted that although the current economic impact of traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve broader democratic access, their coverage and on-chain value capture capabilities will be significantly enhanced, making them worthy of continued attention from investors.