
Wyoming’s Digital Dollar Sparks Global Money Race
Wyoming just beat Washington to launch America’s first digital dollar, as China reopens to crypto. Investors who wait for D.C. will be late to the race.
Tokenization is breaking Wall Street’s velvet ropes. Here’s how you can profit from the formation of the “New York Stock Chain,” a $30 trillion market, turning private assets you had no access to into tradable tokens.
By Austin Payne
OpenAI is set to sell roughly $6 billion in stock at a valuation near $500 billion. The demand was five times oversubscribed, but as usual, only sovereign wealth funds, pensions, and Silicon Valley insiders will get a seat at the table. Main Street is locking you out of a once-in-a-generation opportunity…again.
That may be changing, though. Anthony Scaramucci’s SkyBridge Capital is tokenizing $300 million of hedge fund assets, part of a wave that could swell into a $30 trillion tokenized asset market by 2034, according to Standard Chartered. Tokenization may end up being Wall Street’s biggest structural shift in decades.
Tokenization simply means taking a real-world asset, whether it’s a Treasury bill, a home, a hedge fund, or even pre-IPO equity, and wrapping it in a digital token that can be traded 24/7 on a blockchain. The token represents a fractional claim on the underlying asset, making it cheaper and easier for investors worldwide to access.
For stocks and other market assets, tokenization is moving from a niche experiment to mainstream market plumbing. Coinbase announced it will launch tokenized stocks in the U.S., which will directly connect everyday investors to fractional equity trading through blockchain. In Europe, Robinhood has already piloted tokenized stock trading.
The old walls of private equity, venture capital, and hedge funds are starting to crack. BNY Mellon and Goldman Sachs have already tokenized institutional money-market funds. BlackRock’s “BUIDL” tokenized Treasury fund crossed $1.4 billion. Elevated Returns tokenized $1 billion of real estate, including Aspen’s St. Regis resort, making luxury property investable in fractional shares for you.
Just as the first internet digitized news and music, tokenization is digitizing value itself: funds, Treasuries, real estate, and even pre-IPO equity. Suddenly, assets once reserved for billionaires and endowments are tradeable globally, 24/7, in fractional slices. This is the “Second Internet.”
History shows what’s possible: If IPOs opened the gates to capital markets in the 1920s, tokenization is blowing their hinges. Tokenized assets are the 21st century’s way of making private equity public and available for all.
The future is in “private IPOs.” Tokens that let investors own fractions of companies like OpenAI, Anthropic, or even SpaceX before Wall Street brings them public. One platform is experimenting with tokenized SpaceX shares, projecting a valuation as high as $2.3 trillion by 2030.
The tokenization market has grown 308% in three years, hitting $24 billion. Legal plumbing will lag, but the momentum is undeniable.
Tokenization is moving from experiment to market plumbing, turning Treasuries, real estate, and even pre-IPO equity into tradable tokens. The safest way to position isn’t chasing single coins or platforms. You want to own the ETFs that capture the rails, custodians, and blockchain infrastructure powering this shift.
Tokenization is Wall Street’s “Second Internet,” breaking down barriers to private equity, hedge funds, and real estate. ETFs like IBLC, BLOK, and BKCH give exposure to the rails and platforms powering the shift, while KCE offers a bridge to tokenized Treasuries. The sure winners will be the infrastructure, not the hype.
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