Nasdaq CEO Says Tokenization Could Free Tens of Billions in Capital
Nasdaq CEO Adena Friedman says tokenization could free tens of billions in collateral as institutions build infrastructure for always-on markets.
Bitcoin is the first and most widely recognized cryptocurrency, created as a decentralized digital alternative to traditional money. It operates on a public blockchain that records all transactions transparently and immutably, without relying on banks or central authorities. Bitcoin introduced the concept of peer-to-peer digital value transfer, secured by cryptography and a global network of miners. Its fixed supply of 21 million coins is designed to make it scarce, often leading to comparisons with digital gold. Over time, Bitcoin has evolved from a niche experiment into a globally traded asset, widely used as a store of value, investment vehicle, and benchmark for the entire crypto market.
Nasdaq CEO Adena Friedman says tokenization could free tens of billions in collateral as institutions build infrastructure for always-on markets.
Bitcoin recovered to about $81,545 after breaking below $81,000, while Ether stayed under $2,500 and 24-hour crypto liquidations topped $1.1 billion.
A government-linked wallet moved 12,267 BTC from seized Bitfinex funds to an unlabeled address, with no confirmed sale or completed return to the exchange.
Glassnode says 31.2% of issued Bitcoin sits behind visible public keys, renewing debate over address reuse, quantum preparedness and controlled migration.
Grayscale sees room for more crypto ETFs as Zcash demonstrates demand and filings outline tokenized Bitcoin and Ether covered-call funds.
Murad Mahmudov argues that tokenized communities could become major financial movements, extending his memecoin thesis to Bitcoin and the stock market.
Ethereum’s Justin Drake urges calm preparation for possible AI-driven attacks on wallet signatures, without presenting a demonstrated key-recovery attack.
Arthur Hayes sees an AI investment bust paving the way for Bitcoin-friendly liquidity and cheaper computing, the foundation of his FLOP agent network.
Ledger Wallet adds USDC and USDT loans against cbBTC or wBTC through Morpho and Yield.xyz, with on-device signing, variable rates and liquidation risk.
Bitwise CIO Matt Hougan points to declining Bitcoin volatility as evidence of maturation, while research highlights the limits of the digital-gold comparison.