Kraken Co-CEO: Tokenized stocks will be much larger than stablecoins

Odaily News Arjun Sethi, co-CEO of Kraken, said that while stablecoins have clearly found one of the strongest product-market fits in the crypto space, tokenized equities will be much larger. "How do we start thinking about new structured products that tap into the crypto liquidity rails? Stablecoins are one of them, but imagine what stablecoins have achieved so far," Sethi said in an interview. "We have thousands of new products that will be equal to or greater than stablecoins. One tokenized equity will be equal to or greater than Tether, and now you can have 50, 500, 1,000 tokenized equities — and then you trade futures and options on that... The market will be much larger and faster than we are used to." Sethi said he is positive about tokenized equities not only because of their transparency, speed, and ability to trade 24/7, but also because they are more accessible globally.