ARK researcher Lorenzo Valente highlighted structural risks in tokenized stocks, noting that SPV packaging could create uncertainty. Bullish’s acquisition of Equiniti and Securitize’s on-chain stock rights are viewed as key developments. As altcoins to watch gain traction, clarity on transfer rules will be vital. Shifts in the Fear and Greed Index may reflect market sentiment toward these emerging assets. Equity SPVs and debt notes could flood the market if compliance remains unclear.

According to ME News, on May 14 (UTC+8), ARK researcher Lorenzo Valente noted that two- and three-layer SPV wrapper structures could pose challenges for tokenized equities in the crypto RWA space. He highlighted that Bullish’s acquisition of Equiniti and Securitize’s efforts to bring compliant equity ownership on-chain are critical to bringing tokenized stocks into the institutional market. In future markets, a proliferation of wrapper products such as equity SPVs and debt notes may emerge; if the underlying rights and transfer restrictions are unclear, tokenized stocks could become speculative assets. (Source: MLion)