Interest in asset tokenization surges following SEC approval. Companies like Robinhood and Coinbase benefit from this new momentum, with rises in their stocks.
Asset tokenization has gained new momentum following the approval by the SEC in the United States, leading to a notable increase in investor interest, according to expansion.com. This new legal framework will allow the trading of tokenized stocks over the next five years, generating a rally in the market, particularly in the stocks of companies linked to this technology.
Last Thursday, the SEC announced an exemption that favours the development of the tokenized asset market, just after the Senate rejected a law aimed at regulating the crypto market. This backing has caused cryptocurrencies linked to tokenization to see increases of up to 30% in less than 24 hours.
Among the highlighted companies, Robinhood Markets has seen its stock rise nearly 12% since the SEC announcement. Of the 30 firms analysing its situation, 25 recommend buying its shares, reflecting strong confidence in its future.
Additionally, Coinbase, a major cryptocurrency exchange, has experienced a 13% increase in its stock, thanks to its Coinbase Tokenize division, which facilitates the issuance and management of tokenized assets. Analyst consensus is also positive, with 25 out of 39 buy recommendations.
Meanwhile, Circle, known for its stablecoin USDC, has seen an 8% increase in its valuation. Of the 32 firms covering its stock, 15 advise buying, 14 holding, and 3 selling. Finally, Figure and Securitize are also on the list of companies benefiting from this supercycle of tokenization, albeit with more moderate performance.
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