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Jamie Coutts reports that tokenized stocks have reached $1.5 billion in products available for retail investors, while institutional participation remains limited.
He mentions that DTCC's Collateral AppChain (Besu) and Canton's issuance for DTC-custodied U.S. Treasury securities are paving the way for further developments, including Russell 1000 stocks and ETFs expected from July. A working group of over 50 firms, such as BlackRock, Goldman Sachs, JPMorgan, Bank of America, and Circle, is involved in these initiatives.
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Coutts has tracked earlier signs of stress in digital asset markets. He reported that 79 percent of the top 200 crypto assets reached one-year lows in 2022, marking an increase in market weakness. In a separate post, he referenced UAE considerations around yuan oil pricing and a possible OPEC exit following a new dollar swap line. These developments provide further context to ongoing shifts in institutional engagement.