Wall Street’s tokenization boom could have bigger winners than bitcoin and ether, Citrini says
The research firm sees tokenized stocks, bonds and loans creating new markets for trading and lending, with fee-generating platforms and companies poised to benefit.
ByKrisztian Sandor|Edited byStephen Alpher
Oct 8, 2026, 3:46 p.m. EDT
4min readMake preferred onShare this article
Make preferred on

- Influential research firm Citrini Research sees tokenization opening a major new market for crypto, arguing that companies and protocols collecting fees from trading, lending and payments could benefit more than bitcoin or ether.
- Securitize, Coinbase, Robinhood Circle are among the stocks highlighted as potential beneficiaries of Wall Street moving financial assets onto blockchains, alongside Figure, SoFi and Bullish.
- Citrini was even more optimistic on opportunities among crypto tokens, highlighting Aerodrome, Maple, Ondo, Pendle and Derive, among others, while warning that growing blockchain activity doesn’t always translate into higher token prices.
Newsletters
Crypto Daybook Americas – The latest moves in crypto markets, in contextMarket analysis for crypto traders and investors.
Preview
By signing up, you will receive emails about CoinDesk products and you agree to ourterms & conditionsandprivacy policy.
Tokenization
Related Assets
Bitcoin$81,829.151.92%Ethereum$2,572.711.73%Syrup$0.233.79%
Related Stocks
Market Closed
Coinbase Global Inc$171.96-3.64%Robinhood Markets, Inc. Class A Common Stock$107.02-2.27%Circle Internet Group$80.85+0.01%

- 1Crypto crumbles as anniversary of flash crash nears1 hour ago
- 2NFL joins pushback against prediction markets as U.S. Supreme Court asked to act2 hours ago
- 3U.S. government moves $1 billion in bitcoin tied to Bitfinex hack, with no sign of sale4 hours ago
- 4EU securities regulator gives crypto platforms 3 months to remove unauthorized stablecoins4 hours ago
- 5Crypto for Advisors: Digital assets outran stocks and gold in Q34 hours ago
- 6‘Bunker mode’ is a far greater challenge for institutions than individual crypto holders5 hours ago
- 7Cardano Foundation spins out Veridian, tokenizes its shares on new standard5 hours ago
- 8Over 6 million bitcoin sit behind exposed public keys as AI warnings mount6 hours ago
- 9Securitize brings Apple, Nvidia and Tesla to Solana, with NYSE trading in the works7 hours ago
- 10Bitcoin and ether holders urged to enter ‘bunker mode’ against possible AI attacks8 hours ago

The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
ByCoinDesk Research
Sep 15, 2026
Commissioned byRipple
View Full Report
More From Markets
