BREAKING: The $72 Trillion Opportunity ONDO + Hyperliquid Just Received (Most Don't Know This)

Added: 2026-05-22

[00:00:00]The SEC may have just opened a door to the biggest crypto narrative of the next decade. We are talking about tokenized stocks. And if this really happens, projects like Ondo, like Centrifuge, like Plume, even as much as Aerodrome Finance and Hyperliquid would become potentially the biggest infrastructure of the next version of Wall Street.

[00:00:25]We're going to be taking a look at everything you need to know about this in today's video because think of Apple stock trading 24/7, think of tokenized ETFs, think of the trillions of dollars that would move on chain because right now the US stock market is roughly worth $72 trillion. So, we're going to break it down for you guys. If you are new to the channel, welcome. My name's Eric. We cover everything crypto. If you want to be up-to-date with what's happening in the space, the best thing to do is to hit that subscribe button. And as you're down there, do me a favor, smash the like button, and let's take a look at what this actually means and whether or not this is going to happen.

[00:01:10]So, if we take a look at the news that is coming out of Bloomberg over the last few days, this is breaking news. Brace yourself for this. The SEC is said to release its so-called innovation exemption for tokenized stocks, which will pave the way for trading digital versions of securities on blockchains, on chain per Bloomberg. The details of this are not fully out yet. The SEC is supposed to be revealing this innovation exemption over the week. We're going to just have to wait and see when that actually comes out, but as we know, this would essentially mean that tokenized assets would be tradable on decentralized crypto platforms. The move could reshape the entire landscape of the American stock market as well as this would also be one of the biggest US shifts in crypto infrastructure yet.

[00:02:04]Because right now, when you say crypto to your friends, you're not thinking of the stock market. You are thinking of pure degeneracy, gambling, and scams.

[00:02:14]But, imagine if tokenized stocks are actually tradeable on chain, that would likely change the entire view of crypto for those people. Because most of us are already in the stock market, and as you can imagine, that would just bring trillions of dollars on chain should this actually move forward. So, you may be wondering, well, why does this even matter? We have the stock market right now. People can just go and trade on the stock market. We don't need to have tokenized stocks, and we don't need to have people trading these stocks on chain. Now, the biggest thing is that right now, to have a a share of Apple, of Tesla, of whichever company, you essentially have to go through a broker, and then you're able to deposit money into your account and buy those shares.

[00:03:05]But, there are very strict rules. One of those rules is that the US market is open from 9:30 a.m. all the way to 4:00 p.m. Eastern time, and you have to trade within those hours. Now, of course, there are pros and cons of having this specific window where everybody is able to trade, but let's take it a step further. Think of 24/7 stock market opportunities, trading earnings when they actually happen, not after market, not pre-market, as well as instant settlement. You trade, you don't have to wait a couple days to actually have that trade settle. Think of global access.

[00:03:43]Think of DeFi partnerships, or even lending, or borrowing against your tokenized stocks on DeFi markets. The possibilities are absolutely endless.

[00:03:54]Now, before we take a look at the projects that would actually benefit whether or not the SEC decides to go through with this. Again, this is the first we hear of it. It's an unprecedented move that we still have to wait a ton of details about. And again, this is likely going to take time if it even does come to fruition. But, we need to understand the difference between what we currently have in terms of tokenized stocks, securities, as well as wrapped exposure to some securities, as well as synthetic speculation. If we take a look at what we currently have on chain, because you're going to tell me, "Well, you can trade stocks on a hyper liquid. There are even, you know, other platforms out there that allow you to trade IPO stocks." But, you have to understand the difference of every single one of these platforms. First and foremost, if we talk about real tokenized securities, we're not going to go into all of the details, but in this category, you would actually physically own that stock, and you would have the rights of voting during AGMs, whatever the case may be. And this is, you know, you owning the stock, let's say Apple, in a regulated custodian way, and the token that you would have on chain would actually represent that one share. Think of Ondo, think of Ondo's global markets, think of Securitize. All of these are currently being done, but of course, not in the US. We have that in the EU, because we, of course, don't have that just yet in the US because of the SEC, the CFTC, and so on and so forth. So, that's number one, which is essentially what the SEC is proposing right now.

[00:05:40]Number two, we have wrapped exposure or special purpose vehicles, SPVs. This is where the company or the platform actually buys and holds the shares of those specific companies. Again, whether it's Apple, whether it's Tesla, whether it's Anthropic, whoever the case may be, and then they essentially sell you a token and you hold that token. Now, you don't have any rights to vote, you don't actually hold the stock or share itself.

[00:06:07]You're holding a token that represents that value or that share. So, it's a little bit different than your tokenized securities because again, tokenized securities, you actually own that share, and here the wrapped exposure, you're still going to benefit from the price going up, but it's not actually yours.

[00:06:26]You instead hold a token that represents that value. Now, think of pre-stocks of Republic, some of those are essentially how this works. Now, if we take a look at the third category, we have pure synthetic speculation. Here, no one is actually holding the stock. No one's holding the share. It's all pure market demand and speculation on a price going up or down. It's very similar to let's say, you know, owning the share, but physically, you don't own it, and you're essentially just betting on a contract going up or down in terms of price, which is tracking the underlying price of that stock. So, in this example, perfect one is Hyperliquid. You let's say you're trading, you know, Tesla on Hyperliquid, well, the oracle is grabbing the correct price of Tesla, but when you're buying or selling Tesla on Hyperliquid, you don't actually have a share of Tesla or whatever stock. You essentially are betting with a perpetual contract of Tesla on Hyperliquid whether or not it goes up or whether it not it goes down, and that is how people make money on Hyperliquid. So, there's no actual, you know, ownership of the stock, And that could be the same with dYdX as well as certain exchanges that do have listed stocks on their exchanges. So, the move here of actually bringing tokenized securities on chain would be absolutely massive because now people would have actual ownership of these shares, would be able to vote, and you know, partake in that company's meeting or whatever the case may be. And actually have that share be potentially even utilized in other aspects of crypto like DeFi, like lending, like borrowing, even, you know, liquidity and so on and so much more. Now, as such, you guys know that the top narratives for this cycle are ultimately going to be artificial intelligence and real-world assets, and tokenized securities or tokenized stocks fall within the real-world asset category. Because right now, we don't have any tokenized stocks in the US. It's all available in the EU, but in terms of what's currently tokenized on chain, we have treasuries, we have private equity. But, as we can see, there's about $33 billion worth of assets that are currently tokenized in the markets. Obviously, US Treasury, commodities, asset-backed credits, special finance. We have a little bit of stocks, again, not in the US. Venture capital, private equity, so on and so forth. And if we take a look at some of the top ones here, obviously, you're going to remember the likes of BlackRock Buildal Fund. This is US Treasuries. You also have Ondo's US dollar yield, again, Treasuries. So, all of these are currently tokenized, but again, they are not specifically stocks. They are, you know, US Treasuries. So, if we take a look at companies that are actually going to benefit from this, again, whether or not the SEC does decide to go through with this and how long it takes to get implemented, whether or not, you know, the markets decide to sue them, or companies decide to sue them, we're just going to have to wait and see. But, first and foremost, I do think Ondo is going to be a clear-cut winner here.

[00:09:57]They are already doing this in the EU.

[00:10:00]Imagine the amount of money that would be coming into global markets on Ondo if this also happens in the US. Again, we're talking about $72 trillion in the US equities markets. That is a ton of money for crypto. The total crypto market cap is, you know, $3 trillion. It was $4 at, you know, close to the all-time high. But, think of that amount of money in crypto. Now, going back to Ondo, as this news broke out over the week, we did see a bit of a rally in Ondo's price. Nothing too crazy, because again, it is still way early in the game to understand whether or not this is going to happen. A lot of hoops have to get jumped through before it does, but definitely keep Ondo on your list. If you look at what's currently happening on Ondo right now, I don't actually have access to their app because I live in Canada. Again, it'd be accessible to people in the EU, but global markets right now have a TVL of about $1 billion over 260 assets are tradable, and there's roughly 50,000 users utilizing the Ondo global markets right now. So, if this actually goes through over the next few months and years, well, this is likely going to be monumental for global markets on Ondo. The only caveat here is that Ondo is just a governance token. There's no actual use case for Ondo within the Ondo Global Markets, but as you can imagine if there's a ton more volume in the stocks on Ondo, you would think that the price of Ondo's governance token goes up as well. So, Ondo is number one, definitely keep your eyes peeled on how this evolves as well as what Ondo is doing about it because compliance is definitely there for Ondo and they are continuing to be one of the forefronts in tokenized assets in blockchain technology. Now, moving on to the next biggest winner, in my opinion, I do think this could be hyper liquid. As we can see, it is now at $52.

[00:12:11]Over the last week, it went up 33%. A ton of, you know, info on hyper liquid.

[00:12:17]This is bullish for hyper liquid.

[00:12:19]There's a ton of buying pressure by some big companies in hype, such as Coinbase, such as Bitwise. And this is all happening all at once. Now, one of the questions you may have is why is hyper liquid going to benefit off of this if they already trade synthetics and if you can already trade perpetual contracts of different stocks on hyper liquid. Now, the reason is imagine all of the money that's going to come in in hyper liquid should this be a legitimate framework, should there actually be all the regulatory components to this, well, you're likely going to see billions and billions more dollars come through hyper liquid rather than what you're currently seeing. Again, we're still seeing billions of dollars being traded on hyper liquid, but if the regulatory framework is there and then they are actually able to trade some tokenized stocks on hyper liquid directly, I do think that that is a huge plus to hyper liquid. As we know, this is one of the protocols that does reward their holders. So, people who hold hyper, they use the fees to buy back more hyper liquid. That is one of the, you know, flywheel effects that hyper has. So, that is, in a nutshell, why I believe hyper liquid will likely benefit from this news if it goes through and if they, of course, adapt because keep in mind hyper liquid is not a central entity. It is supposed to be a decentralized entity. So, there could be some nuances there as to how it all integrates with actual tokenized stocks.

[00:13:55]Now, a couple more I wanted to highlight quickly. I do think that Plume is going to be one to watch. It is supposed to be the RWA blockchain. But it is going to have a ton of competition, you know, against other established blockchains already. Plume is down 92% over, you know, its lifetime. Over the last week, despite the news, it's gone up about, you know, 15% from the lows here. But keep an eye on it. I'm not putting too much more time into this one, but they do have a well-established ecosystem of RWA assets. Whether or not, you know, the tokenized stock route goes through Plume, we're just going to have to wait and see. Now, another one that isn't as promising as the other ones, but could still benefit from it, Aerodrome Finance. They say stocks are coming on chain and we're building the rails for it. This year, the first licensed S&P 500 token launched on Base. This was DSPXA.

[00:14:53]And as you can see, there was, you know, a ton of volume that was going through it. And again, just combining the tokenized stock aspect of liquidity, of, you know, borrowing and lending against those tokenized assets, I do think represents a massive opportunity with the crypto space. And again, who knows if it's going to pass, but that is likely going to be a huge pillar to watch and monitor because I do think that if it's the case, there's likely going to be, you know, trillions of dollars that go into tokenized stocks in crypto, and that is likely going to legitimize crypto a whole lot more than what it's currently known for. Now, the last two projects I wanted to quickly mention, first and foremost, is Centrifuge. This one here is at 29 cents. It was picked by Coinbase to be the tokenization infrastructure for Coinbase. That is entirely different than what the SEC just announced.

[00:15:51]Centrifuge is more institutional. It's not necessarily about tokenizing stocks, but with the whole movement in stocks, private credit, you know, private debt is also going to likely continue seeing exposure. Private debt and tokenized credit is likely going to grow in parallel with tokenized stocks. So, I would be keeping my eyes peeled on Centrifuge as well in this entire RWA space. And, of course, last but not least, I would also put Chainlink in there just for Oracle purposes. Who knows how all of these data feeds tie into one another, how it would all work, but I do think that Chainlink would likely be playing some sort of a part in this entire role. So, with that being said, those are some of the projects that I would be keeping my close eye on if the SEC continues to go through with this, you know, innovative exemption, which would dramatically change the entire way people see crypto because think of the stock markets, and it is that legitimate beast in everybody's eyes, and any other market is not able to compete with it. So, if it does eventually boil down to tokenized stocks on crypto, I do think that the entire crypto industry changes completely from being that casino gambling mean coin a space to the next generation financial system. And think of the projects we talked about today, all of them are building the infrastructure for what the future may hold. So, with that being said, let me know if you think this is ever going to happen, whether or not you think the SEC is going to make this through. Obviously, it doesn't mean that, you know, the next SEC chair couldn't change things, but for now, we're going to keep our eyes peeled on this. Let me know what you guys think in the comment section below. And even so, give me projects that you think would benefit off of this news if they're not already included in today's video. And if you did enjoy, make sure you smash the like button, subscribe to the channel to stay up to date with news like this, and I'll catch you guys in my next video. Peace.