NYDIG Research Director: Stock tokenization will have limited benefits for the crypto market in the early stages, but the benefits will expand as it becomes more widespread.

PANews reported on December 13th, citing Cointelegraph, that Greg Cipolaro, Global Head of Research at New York Digital Investment Group (NYDIG), stated that stock tokenization won't immediately bring huge benefits to the crypto market, but its benefits could increase if such assets are better integrated into blockchains. "The networks these assets support, such as Ethereum, will initially benefit very little, but these benefits will increase as their accessibility, interoperability, and composability improve," Cipolaro added. He further noted that the initial benefits will be reflected in transaction fees collected when using tokenized assets, while the blockchains hosting these assets will "enjoy an increasingly enhanced network effect" from storing them.