Opinion: In the early stages of stock tokenization, the benefits to crypto networks are limited. If decentralization and integration are achieved, the benefits will gradually expand.

ChainCatcher reports that, according to Cointelegraph, Greg Cipolaro, Global Head of Research at NYDIG, stated that the tokenization of real-world assets (RWA) such as stocks currently offers limited direct benefits to the crypto market and blockchain networks in the initial stage. However, as accessibility, interoperability, and composability improve, its long-term value is expected to gradually emerge.
Cipolaro pointed out that in the short term, the main benefits for blockchain networks come from transaction fees generated by tokenized assets and the network effects gained from custody of these assets. As tokenized assets become more deeply integrated into the blockchain ecosystem and enter DeFi scenarios as collateral, lending assets, or trading targets, the related network benefits will significantly increase.
He believes that tokenization is becoming an important trend. As the regulatory environment gradually clarifies and infrastructure continues to improve, the use cases for RWA such as stocks on-chain are expected to expand. However, currently, the forms of tokenized assets vary greatly, and many still rely on compliance structures within traditional financial systems, such as KYC, whitelisted wallets, and transfer agents, which limit their composability.
Cipolaro also pointed out that although the current economic impact of traditional crypto assets is not significant, if future regulations become more open and tokenized assets achieve broader democratized access, their coverage and on-chain value capture capabilities will be substantially enhanced, making it worth investors’ continued attention.