Tokenized Equities to Eclipse Stablecoins? Backed CEO Bets Big on the Next Crypto Frontier
Forget dollar-pegged tokens—the real disruption’s brewing in tokenized stocks. Backed’s CEO just threw down the gauntlet, predicting equities on-chain will dwarf the entire stablecoin market.
Wall Street’s paper-based dinosaurs won’t know what hit them. Imagine Apple shares settling in seconds, Tesla stock trading 24/7, and VC unicorns getting liquid before their bankers finish their third espresso. The rails are being laid now.
Of course, regulators will trip over themselves trying to ’protect’ investors from this efficiency. Because nothing safeguards capital like forcing trades through three middlemen and a 1970s-era clearinghouse.