Arjun Sethi, co-CEO of Kraken, said the tokenised equities market could grow larger than the $240 billion stablecoin sector and described tokenised equities as a foundation for broader financial products, including futures and options trading

Quotes that support claims

One tokenized equity is going to be equivalent or larger than Tether," Sethi said at the time. "Now you can have fifty, five hundred, a thousand of those tokenized equities — then you do futures and options trading on top of that.

The tokenized equity market will dwarf the stablecoin sector, which currently has a total supply of about $240 billion, led by Tether.