Dragonfly partner says tokenized stocks offer little benefit to crypto industry

While tokenized securities may be an attractive strategy for traditional financial markets, they are unlikely to benefit the cryptocurrency industry, according to Rob Hadick, a general partner at crypto venture capital firm Dragonfly. In an interview with Cointelegraph, Hadick explained that traditional finance is drawn to the 24-hour trading and favorable revenue models that tokenization enables. However, he expressed doubt that major blockchains like Ethereum would see substantial benefits. Hadick noted that although the U.S. Securities and Exchange Commission (SEC) is exploring ways to permit stock trading on blockchains, institutions prefer to use their own proprietary chains over public ones. He cited moves by companies like Robinhood and Stripe to build their own chains as examples, adding that institutions do not want to share block space with memecoins or divide their revenue structures.