#FOMCWatch
Tokenized stocks generate enormous expectations.
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Recently, the broker Robinhood announced the launch of similar tokenized stocks. These will be hosted on its own layer two network based on Arbitrum. The reception of this announcement was overwhelmingly positive, which manifested in a strong rise in HOOD's stock prices.
The trend towards digitalization presents blockchain as one of the main tools to ensure that transition. The qualities of this technology make it a safe, economical, and efficient option for financial markets to trust their trading. It is possible that in the near future, the major brokerage firms in the U.S. will take the path of tokenization.
Considering this perspective, trading firms like Kraken and Robinhood are positioned as the best. Currently, Kraken and its tokenized U.S. stocks exclude several important markets, but surely we won't have to wait long for these to become commonplace among global investors.
For now, the trading volume of tokenized stock assets is practically insignificant. However, their potential is one of the most promising, even in the short term. The fact that these options represent the fusion between traditional finance and cryptocurrencies is highly relevant.