Battle to Rewire Stock Trading the Bitcoin Crypto Way Is On
Financial giants clash over the future of tokenized securities

Erik Burton
Oct 6, 2025
The push to integrate blockchain technology into stock trading is intensifying, with disruptors like Robinhood Markets Inc. and Coinbase Global Inc. championing tokenized stocks that offer 24/7 global trading and lower costs.
In June 2025, Robinhood introduced tokenized equities for EU users, giving access to over 200 major U.S. stocks and ETFs—such as Nvidia, Apple, and Microsoft—via a partnership with blockchain firm Arbitrum.
This move is echoed by Kraken, which plans to launch digital tokens of 50+ U.S. stocks and ETFs, targeting non-U.S. investors eager for around-the-clock trading.
Traditional giants like Citadel Securities have pushed back, raising concerns about regulatory oversight and market stability.
The U.S. SEC and lawmakers are weighing updates to securities laws, looking to balance innovation with investor protections.
The outcome may shape the future of stock trading and redefine how technology and finance intersect.