The Next Crypto Trade Could Be Tokenized Stocks, But What’s So Great About It?

Wall Street is moving onto blockchain, potentially giving global, non-U.S. based cryptocurrency investors something they haven’t traditionally found in their home digital asset market: exposure to (mostly) U.S. publicly traded companies, including some of the world’s biggest technology firms.

"Tokenization is expanding what can exist and move onchain," said Wish Wu, CEO of the Pharos Network based in Hong Kong. "I don’t expect tokenized securities to replace crypto investing. The more likely outcome is that both become part of a broader, more connected onchain financial system. Tokenization becomes more than a new way to hold a stock. It becomes part of a new financial system," he said.

The London Stock Exchange is working with Kraken parent Payward on tokenized equities. On September 10, 2026, Nasdaq (NASDAQ:NDAQ) announced a $100 million strategic investment agreement with Payward, alongside expanded collaboration on tokenized equities and around-the-clock market infrastructure.

New York Stock Exchange parent Intercontinental Exchange (NYSE:ICE) is developing blockchain-based securities infrastructure, and the SEC has opened a regulatory pathway for certain tokenized shares to trade onchain.