Circle CEO Supports Stock Tokenization; Over 1% of CRCL Shares Tokenized, Valued at $280M

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Circle CEO Jeremy Allaire announced on X that over 1% of CRCL shares are now tokenized, amounting to more than $280 million—the highest among all publicly traded companies globally. He suggested that tokenized stocks could surpass traditional equity in the future. This follows ongoing discussions regarding the legal challenges of stock tokenization, with regulators also examining the overlap between tokenization and CFT measures. The move is viewed as a boost for risk-on assets in the crypto space.

Odaily Planet Daily reports: Circle CEO Jeremy Allaire posted on X: “More than 1% of CRCL’s shares are held in the form of tokenized stock, amounting to over $2.8 billion—the highest such percentage among all public companies worldwide. In what year will the ‘flip’ (Odaily Planet Daily note: referring to tokenized stock surpassing traditional equity ownership) occur?”

According to previous reports, the CEOs of AMC and Robinhood exchanged public criticisms regarding the tokenization, legitimacy, and legality of stock tokens; the CEO of Circle’s action may implicitly signal support for the tokenization of stocks.

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