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21Shares co-founder warns tokenization hype is outrunning Wall Street reality

coindesk.com · Jun 22, 2026 at 20:53

21Shares co-founder warns tokenization hype is outrunning Wall Street reality
coindesk.com Jun 22, 2026

What she's saying: Former 21Shares co-founder Ophelia Snyder argues that crypto and traditional finance are talking past each other when it comes to tokenization.

The gap: Snyder said blockchain firms have largely addressed transaction throughput but not the broader operational requirements of financial institutions.

Why it matters: Snyder believes the industry's biggest challenge is scale, not functionality.

How the industry could respond: Snyder sees two primary paths forward.

What comes next: Snyder expects the industry's toughest challenges to emerge as institutions move beyond pilot programs.

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

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