Last week, tens of thousands of crypto wallets pledged over half a billion dollars worth of digital assets for SpaceX shares, and received none. Unfortunately, the industry’s tokenized stock failure was a repeat performance.

For nearly a decade, thousands of crypto promoters have insisted that blockchain technology will deliver tremendous value through tokenized trading of equities.

However, despite wholehearted attempts and financial support from the industry’s largest companies, trading volumes of tokenized stock remain well below a fraction of one percent of traditional stock trading volumes.

Indeed, last week, 27,689 wallets pledged $557 million worth of digital assets to participate in a tokenized version of the SpaceX IPO via Binance alone.

Across listings on various crypto exchanges, including Bybit and Bitget Wallet, all of those orders failed to deliver SpaceX shares.

For years, crypto pitched its technology as an obvious efficiency improvement over slow and expensive clearinghouses, not to mention the benefit of widenening the pool of liquidity to a global audience that struggles to open traditional brokerage accounts.

...read more at protos.com