The Pomp Podcast

Will Tokenized Stocks Actually Work? | Ian De Bode

83 snips
Aug 18, 2025
Ian Debode, Chief Strategy Officer at Ondo Finance, takes us deep into the world of tokenization and its transformative potential for equities trading. He discusses how tokenized stocks could democratize access to the U.S. market, tackling barriers like high fees. Debode also examines the critical need for consistent pricing and liquidity for these assets. The conversation further explores the rise of yield-bearing stablecoins and the shift towards digital assets, debating whether equities should trade 24/7 for greater accessibility.
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INSIGHT

Why De‑pegs Happen

  • De‑pegging happens when on‑chain liquidity pools disconnect from primary exchange prices.
  • Successful tokenization requires mechanisms to let arbitrage restore parity with NASDAQ/NYSE prices.
ADVICE

Bridge On‑Chain And Off‑Chain Liquidity

  • Design integration paths that execute off‑chain and on‑chain trades instantly to preserve peg.
  • Partner with TradFi venues and liquidity providers to enable just‑in‑time minting and burning.
INSIGHT

How Traders May Make Money

  • Early trading patterns on tokenized stocks are uncertain; activity may include arbitrage, margin plays, and leveraged positions.
  • The on‑chain crowd's risk appetite could shape novel product demand like perps and high‑leverage trades.
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