Circle CEO backs tokenized stocks: >1% of CRCL held tokenized, $280M

TREE NEWS update: Circle CEO Jeremy Allaire revealed that over 1% of CRCL shares are held as tokenized stock, exceeding $280 million in value, the highest among all listed companies globally. He hinted at a future ‘flip’ where tokenized shares surpass traditional securities. This follows a dispute between AMC and Robinhood CEOs over the legitimacy of tokenized stocks, suggesting Circle’s stance in favor.