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Synthetic tokenized stocks are bad for American investors

CoinDesk· Aaron Kaplan· Oct 1, 2026 · 11:00 AM
Synthetic tokenized stocks are bad for American investors

U.S. markets are the envy of the world because investors trust that whoever owns a share owns it fully, writes Aaron Kaplan, founder of Promethum. The synthetic models cheapens that trust, shortchanges U.S. investors, and undercuts the issuer-led capital markets model.

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