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.
Circle CEO backs tokenized stocks: >1% of CRCL held tokenized, $280M
Circle's disclosure that over 1% of its own shares are tokenized marks a notable validation of the asset class by a major issuer, potentially lending credibility to tokenized equities amid ongoing skepticism. The figure, exceeding $280 million, signals meaningful adoption at the corporate level, not just among retail platforms. This development could pressure traditional brokers and exchanges to clarify their positions on such instruments, especially given the recent public disagreement between AMC and Robinhood executives. The open question is whether other listed companies will follow suit, which would determine if this is a symbolic milestone or the beginning of a structural shift in how public equities are issued and traded.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.