Tokenized Equities Must Go Beyond ‘Wall Street on a Blockchain’

As traditional finance becomes more intertwined with blockchain technology, a Kraken executive said simply bringing traditional financial products on a blockchain won’t cut it and is not the end goal for tokenization.  

Mark Greenberg, the global head of Kraken’s Consumer Business Unit, told Cointelegraph that tokenized equities must go beyond replicating Wall Street systems onchain. Instead, he said they should unlock new levels of accessibility, programmability and global reach.

He argued that it’s an opportunity to fundamentally rethink how global markets function when it comes to accessibility, programmability and user access to legacy tools. 

“Tokenized equities can’t just be ‘Wall Street on a blockchain.’ That misses the point,” Greenberg told Cointelegraph. He said that equities must “feel like the internet,” which is always on, self-directed and globally accessible.