Former TD Ameritrade CEO Predicts Complete Wall Street Tokenization Within 5 Years
Former TD Ameritrade CEO Predicts Complete Wall Street Tokenization Within 5 Years
š¦ Wall Street's 5-Year Countdown
Wall Street transformation accelerating as former TD Ameritrade CEO Joe Moglia predicts complete tokenization of traditional finance within five years.
Speaking on CNBC, Moglia stated that every stock, option, mutual fund, and ETF will be tokenized, with Ethereum serving as the foundation for "Wall Street 2.0."
Key developments:
- Traditional finance leaders embracing blockchain technology
- Ethereum positioned as primary infrastructure for financial tokenization
- Industry shift from experimental to inevitable
The Ondo Summit 2026 will feature discussions on tokenization's future, bringing together key voices shaping this transformation.
This represents a significant endorsement from traditional finance leadership, suggesting institutional adoption is moving beyond pilot programs toward full-scale implementation.
Wall Street 2.0 is being built on Ethereum. ā5 years from now there's not gonna be a stock, option, mutual fund, or ETF that's not in effect tokenized.ā Former CEO of TD Ameritrade, Joe Moglia on CNBC.
Wall Street 2.0 begins on Ethereum.
Ethereum is for shipping. Here are 27 things the ecosystem launched, executed, and upgraded during the last few weeks. 0/ @OndoFinance launched Ondo Global Markets on @ethereum with 100+ tokenized U.S. stocks & ETFs. Having more traditional assets onchain means better
šļø DC Fintech Week Reveals Tokenization Infrastructure Priorities
**Policy leaders from major institutions gathered at DC Fintech Week** to discuss the future of tokenized markets, with Ondo's regulatory chief joining panels alongside Chainlink, Coinbase, and European Commission representatives. **Key infrastructure needs identified:** - Data integrity and cross-chain interoperability - Privacy solutions and compliance frameworks - Identity verification systems as the "next unlock" **Regulatory landscape shifting rapidly:** - Trump administration working to bring crypto activity back to U.S. - Competition heating up between U.S. and EU approaches - While MiCA gave Europe early advantage, U.S. companies now refocusing domestically **The consensus emerged clear:** *permissionless blockchains will prevail* due to their inclusion capabilities, and the infrastructure for tokenized markets is being built now. Industry leaders agreed that **identity solutions represent the critical next step** for institutional adoption of tokenized assets.
Franklin Templeton Research Compares Digital Assets to Early Internet Era
Franklin Templeton released research identifying three key drivers for digital asset adoption: - **Broader market access** expanding investment opportunities - **Rising institutional participation** from traditional finance - **Increasingly favorable regulation** creating clearer frameworks The report draws parallels between today's digital asset landscape and the early internet era, highlighting similar growth patterns and adoption curves. **Demographic and technological tailwinds** are positioning the sector for significant expansion, according to the analysis. Franklin Templeton emphasizes that the coming financial transformation will be fundamentally **onchain**, not just digital. [Read the full report](https://www.franklintempleton.com/tools-and-resources/literature/info/DA-CFCB)
STBL Selects Ondo's USDY as Primary Collateral for USST Stablecoin
**STBL has chosen Ondo's USDY as the primary collateral** for its USST stablecoin, unlocking $50M in minting capacity. **Key Details:** - USDY is a yield-bearing token backed by tokenized U.S. Treasuries and bank deposits - Currently holds **$690M in total value locked** across 12+ blockchains - Supported by 100+ partners in the ecosystem This integration brings institutional-grade Treasury exposure directly into STBL's stablecoin reserves, combining yield generation with stability. The partnership expands USDY's utility beyond its existing presence on Solana and other chains, where users in 173 countries can already access tokenized Treasuries through various payment methods. [Read full details](<https://cointelegraph.com/press-releases/stbl-picks-ondo-s-usdy-as-primary-collateral-unlocking-50m-in-usst-minting-capacity>)
CFTC Unveils Three-Pillar Digital Asset Strategy
The CFTC outlined its **technology-neutral approach** to digital assets at the Digital Asset Leadership Summit. **Three immediate priorities:** - **Spot crypto market structure**: Developing clear trade workflows for spot crypto on listed markets with public feedback - **Digital asset pilot program**: Time-bound testing of market structures with defined eligibility and risk parameters - **Tokenized collateral initiative**: Exploring stablecoins and tokenized assets with industry engagement on operational details Acting Chairman Caroline Pham emphasized a **principles-based framework** that balances innovation with responsible oversight. The initiative builds on the agency's earlier Crypto Sprint program and represents concrete steps toward regulatory clarity in U.S. crypto markets.