Once stocks and equity are on the blockchain, many of the advantages unique to crypto assets become less obvious: 24/7 trading and real-time settlement, global barrier-free access. If Pre-IPO equity is tokenized, the issuance speed of equity will also be faster, and liquidity and composability can be improved through AMM/lending protocols/derivative protocols.



Does this mean that the crypto TGE market projects will become more polarized? Will they either be more meme-like and narrative-driven or use tokens to build unique product ecosystems and compete with the stock market?
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