Market videos

Bullish CEO Tom Farley says public securities will move onto public blockchains over the next decade, but adoption is taking longer than he initially expected. He distinguishes issuer-approved tokens that are actual shares, with voting and dividend rights, from wrapped tokens and other contractual claims. Farley predicts 95% of shares will be held on public blockchains in 10 years. He expects regulated trading venues to help liquidity develop, while acknowledging that he cannot identify the next adoption trigger.