Equity markets are quietly rewiring as tokenization moves from crypto experiment to real-world plumbing, with Kraken’s xStocks now offering on-chain access to more than 1,500 stocks, ETFs and IPOs. That shift could reshape who trades, when they trade, and how liquidity pools form across borders. This article unpacks that story and profiles 3 stocks exposed to these tokenization catalysts, to help you judge whether they belong on your watchlist.
The stocks profiled below are just the first slice of this theme, and the full screen surfaced 10 more listed financial infrastructure and custody providers with equally compelling tokenization narratives that are not covered here. To explore further and identify your own highest conviction ideas, head straight into the Listed Financial Infrastructure & Custody Providers Enabling Asset Tokenization screener.
Inter & Co (INTR)
Inter & Co plugs into this tokenization theme as a digital-first bank that already runs investment and custody services inside its super app, giving it a potential on-ramp as more traditional assets move on chain.
Inter & Co runs a digital banking, investing, insurance and ecommerce super app, with most of its R$6.7b revenue coming from Banking & Spending at about R$5.5b, plus Inter Shop at roughly R$424 million and insurance and investment lines just over R$250 million each. The business is valued at about US$1.8b by the market.
"Ongoing rapid user growth and rising engagement, now reflected in 45.3 million clients, 26 million active users and 22 million daily logins, keeps Inter & Co funneling more activity through its platform, which can support future revenue and fee income expansion as monetization deepens."
What happens to that earnings potential if one unseen pressure on Inter & Co’s credit quality and funding costs breaks in the wrong direction?
If that kind of hidden stress is on your mind, read the full narrative for Inter & Co to see how Inter & Co’s tokenization angle and credit risk may be decoupling.
Securitize (SECZ)
Securitize sits right on the theme of listed financial infrastructure enabling asset tokenization, with the bullish analyst Narrative on Simply Wall St treating it as a pure-play bet on regulated on-chain securities rails.
"The new SEC innovation exemption for tokenized U.S. equities gives Securitize a window to build on its native issuance model for onchain NMS stock trading. This could widen its revenue base from equity tokenization and related trading fees."
What happens to that promise if one key assumption about how quickly regulated issuers embrace Securitize’s rails proves too optimistic?
That adoption risk cuts both ways, and the full narrative for Securitize sets out how Securitize could accelerate if issuers lean in faster than the market expects.
Galaxy Digital (GLXY)
Galaxy Digital taps directly into the tokenization theme, with its custody technology, trading desks and data center footprint giving it infrastructure that can plug into on-chain settlement and tokenized assets, and the business is currently valued by the market at about US$5.6b.
According to DanielOliveira, an investor in the Simply Wall St Community who wrote the Narrative on Galaxy Digital, the real story for tokenized infrastructure is tied to how much approved power it already controls at its Helios sites.
"The first is capacity ERCOT has already approved: Galaxy's 10-Q says ERCOT has approved over 1.6 GW at Helios, about 800 MW leased to CoreWeave and 830 MW at Helios II approved but not yet under lease."
What happens to future tokenization economics if one unseen factor decides whether that unused capacity becomes a high margin asset or a stranded cost base?
That inflection point is exactly what full narrative for Galaxy Digital unpacks, revealing how Galaxy Digital’s power footprint could accelerate tokenization economics while highlighting where risk still quietly sits.
Seeking Fresh Alternatives Before Momentum Flies
New themes can gain traction quickly, and ideas may move from quiet to crowded in a short time. Review these lists before momentum builds further.
- Identify cash-generating AI companies early and review the 41 profitable AI stocks that aren't just burning cash while they are still relatively less followed and before sentiment shifts.
- Consider potential income-focused positions and check the 5 dividend fortresses that may help steady a portfolio when markets are volatile and dividend reliability is a priority.
- Monitor crypto-related momentum shifts and assess the 21 cryptocurrency and blockchain stocks while tokenization themes are developing and before broader attention alters the opportunity set.
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