Everyone is bullish on the tokenization of equities but not all tokenized equities are the same:

@xStocksFi - Wrapped equity product where the equity is custodied off-chain and a digital representation is created as a token

Perps on @HyperliquidX or @RobinhoodApp - Synthetic derivatives that mirror the price action of a stock

@SuperstateInc - Tokenized equity that offers the same rights as traditional equities (example of this is $GLXY shares that you can buy on-chain)

The end state is likely that all stocks get tokenized and give you the same rights as traditional shares, so closer to what Superstate is doing, as there is no reason why financial markets can't trade 24/7 with the infrastructure that has been built

In the future, you'll likely see IPOs entirely take place on-chain as well

The end state is likely that all stocks get tokenized and give you the same rights as traditional shares, so closer to what Superstate is doing, as there is no reason why financial markets can't trade 24/7 with the infrastructure we have