Tokenized stocks risk liquidity and revenue fragmentation: Research
Cointelegraph
Tiger Research warns that the SEC's tokenized stock listing exemptions could cause market inefficiencies through liquidity and revenue fragmentation.Summary
Research from Tiger Research indicates that the US Securities and Exchange Commission’s recent innovation exemption—allowing third parties to list tokenized stocks—threatens to fragment market liquidity and revenue. By dispersing trading volume across multiple blockchain platforms rather than centralized exchanges, the market faces increased slippage, price discrepancies, and lower overall efficiency. Additionally, the shift risks diverting financial revenues offshore, undermining national financial competitiveness. While proponents argue that tokenization enables fractional ownership and 24/7 trading, experts warn of potential price-tracking errors and the creation of disconnected, unstable trading pools.
(Source：Cointelegraph)