Subject: Re: What are “tokenized stocks”?
I can understand why an investor (e.g. a non-U.S. investor) might want to buy a share of a U.S. company over the blockchain – IF it was an actual share of stock issued by a company. I can’t understand why anyone would buy a share of “tokenized” stock or why it would be valued anywhere near the real share.

Crypto has some minor use cases like ransomware payments and human trafficking, but the overwhelming number of users are simply degenerate gamblers (with some overlap with the first two).

Recall the NFT craze from a couple years ago. Gamblers would pay thousands, sometimes tens of thousands of dollars to buy a link to a jpeg. Not even the jpeg itself. As nutty as the whole concept it is, lots of people rushed in hoping to get rich quick.

Tokenized stocks make zero sense until you realize they allow inveterate gamblers to rationalize they are speculating on something of value (as opposed to crypto and NFTs) and they can gamble 24/7.