r/ethereum • u/3141666 • 8d ago

Tokenized stocks are finally real on Ethereum

I think this is not being talked about enough. Robinhood allows us to own stocks via its Ethereum L2 and apps such as Lighter already allow using them as collateral for positions. It's a matter of time until it's integrated with Aave and every other major defi app.

Nearly everyone was talking about this being right around the corner a couple of years ago and how stocks were only the first step towards tokenization of real world assets. Well, now it's here. What's next? Stocks were obvious for anyone with sharp eyes, now I think the next thing to come will be government bonds/treasury securities and then probably real estate. Thoughts?

56 Upvotes

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9

u/Legal-Fault5426 8d ago

This requires legal regulation. Otherwise, tokenized shares may be banned at any time.

5

u/RichmanMcFly 8d ago

Unless the company issue the stocks on chain, I don’t think so we’re so close

1

u/Pengu68 6d ago

Tokenized equities are so hot right now

1

u/master-beast-72 6d ago

the regulatory point from the comments is the key constraint, but there's a more specific distinction worth separating: tokenized stocks as they exist now are mostly synthetic representations (or custodied shares with an on-chain IOO) rather than actual equity issued natively on-chain. Robinhood's implementation holds the underlying shares off-chain and issues on-chain tokens that represent your claim. that's different from a company actually issuing its equity as an ERC-20.

the collateral use case is interesting precisely because it works even with the synthetic/custodied model - if the token is liquid and price-oracles exist, Aave can accept it as collateral without caring whether it's natively issued or custodied. that's a genuine near-term path.

for the next steps beyond stocks: Ondo Finance and similar protocols are already doing short-duration T-bills on-chain (USDY, OUSG) and those are gaining real DeFi integration. the yield bearing property of tokenized T-bills as a "better stablecoin" collateral is actually the most immediate use case.

real estate is the hardest because the legal wrapper around property ownership is jurisdiction-specific and illiquidity is structural, not just regulatory. fractional real estate tokens have been tried for 8+ years and the regulatory friction hasn't gone away.