NYDIG Research Director: Stock tokenization initially offers limited benefits to the crypto market; the benefits will expand after widespread adoption.

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PANews December 13 News, according to Cointelegraph, Greg Cipolaro, Global Research Director at New York Digital Investment Group (NYDIG), stated that tokenization of stocks will not immediately bring huge benefits to the crypto market. However, if such assets are better integrated into the blockchain, the benefits could increase. “The networks underpinning these assets (such as Ethereum) initially benefit very little, but as their accessibility, interoperability, and composability improve, these benefits will also grow,” Cipolaro added. The initial advantages will be reflected in the transaction fees collected when using tokenized assets, and the blockchain hosting these assets will enjoy an increasingly strong network effect from storing these assets.

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