Blockchain's Big Bet: Stock Tokenization Aims to Replicate Amazon's Logic
Stock tokenization could be the catalyst that drives blockchain adoption and onchain finance infrastructure, according to Token Terminal. The comparison is made by drawing parallels between the early days of Amazon and the current state of stock tokenization.
In 1994, Bezos' vision for Amazon wasn't about changing what a book was, but rather how people accessed, traded, transferred, and used them. Similarly, stock tokenization doesn't change the underlying asset but creates broader global access, 24/7 trading, and transfers with interoperability across markets.
Currently, only $2.8 billion of public equities (excluding ETFs) are onchain today, indicating a significant gap that can be filled by blockchain technology. This presents an opportunity for new technologies to improve the customer experience and scale significantly in the existing market.