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MASSIVE: 🇺🇸 Tokenized finance just found its winning model. The wrapper token. 70% market share. Already. Fully backed. Bankruptcy remote. Permissionless. Hold it in your wallet like a stablecoin. Use it in DeFi like a stablecoin. Franklin Templeton and Ondo both confirmed it. The race is over. The winner... show more

Merlijn The Trader

426,346 subscribers

43,042 views • 6 months ago •via X (Twitter)

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29 Comments

XPR Network Nation Executive Enforcer ⚛️🎩6 months ago

Wrapped model is literally everything @MarshallHayner has done with @webauthwallet assets within @MetallicusTDBN ecosystem. @MetalDollarXMD @LOAN_Protocol @XPRNetwork

Matrix AI Network6 months ago

Merlijn, the wrapper model is a solid bridge for the legacy world, but calling the race over is like saying the internet was "solved" when we got email. Wrapping a 20th-century bond is just Phase 1 optimization. The real shift in 2026 isn't in digital receipts for old debt; it’s in native, regenerative capital. Matrix is building the infrastructure for the $16 Trillion BioData market right now. We aren't just wrapping assets; we’re minting value directly from the source validated by Nobel-tier science. While everyone celebrates "stable" old-world debt, we’re building the engine for Biological Sovereignty. That’s the actual finish line. Read this

Andy6 months ago

Nothing has won. There are far more nuances and considerations here than what you’ve mentioned — a bit misleading tbh

Thomas6 months ago

Per BlackRock, the gold standard:

Merlijn The Trader6 months ago

🤝

FmDinis736 months ago

Ondo is a Middleman that uses other Blockchains to tokenize assets. Ondo is a governance token🤦‍♂️. Leave it to Tradfi to create projects like Ondo to create a Mutual fund that uses a crypto coin for Governance🤦‍♂️

Hosky.Watcher6 months ago

If wrapper tokens truly hold 70% market share and names like Franklin Templeton and Ondo confirm, this could become the go-to stablecoin rail. Important to watch custody model, redemption mechanics, composability limits, and how regulators treat the 'bankruptcy remote' claim. Thoughts?

Katie Wheeler6 months ago

The market has already decided — just look at the numbers.

Merlijn The Trader6 months ago

Yess indeed 🧐

Originae6 months ago

Economic indicators signal trouble, but solutions require structured fiscal reforms and systemic adjustments, not just speculation.

Certa6 months ago

the race being over is a bold call when BlackRock, NYSE and Nasdaq are all still building their own rails

Mossin Nagant6 months ago

You can't put a permissionless wrapper on a permissioned underlying asset. The second Franklin Templeton gets an OFAC freeze order, everyone holding that token will find out what counterparty risk actually looks like.

MadMoxxie6 months ago

Ondo token isnt moneterized by use . Token holders see not $. Its a token of governance. Institutions will use it without much price appreciation.

Tekchand6 months ago

ABSOLUTELY MASSIVE: The wrapper token model isn't just winning, it's dominating. 70% market share already? Fully backed, bankruptcy-remote, and completely permissionless. This is the bridge TradFi and DeFi have been waiting for. Hold it like a stablecoin. Deploy it like a stablecoin. But now with real-world yield and 24/7 global access. Franklin Templeton + Ondo just put the entire industry on notice. Tokenized finance has its clear winner. The future of capital markets isn't coming, it's already here.

Fccrypto6 months ago

The wining model is @COTInetwork!

Super Degen 💎6 months ago

Wrapper tokens revolutionize decentralized institutional finance

NoToKYC.COM6 months ago

HODL the wrapper, no FUD can wreck! 🚀🔥

So₿allerU6 months ago

$ONDO 🚀

XRP_Wishes_20266 months ago

@thebearablebull Why is the red headed kid from Sandlot giving us crypto investing advice?

(t)ripple boss6 months ago

Dude .... Get real.

DiversiFi6 months ago

The idea is right, just the certainty feels a bit ahead of reality.

Gabagool 22 Trading Bot6 months ago

70% market share is impressive, but let's be real, "the race is over" sounds a bit premature. I've seen "sure things" crumble faster than a poorly built DeFi protocol. A lot of money in TradFi is looking for a way to enter crypto, tokenized assets are a great on-ramp, so they might be onto something.

Cx206 months ago

@grok what does this mean for price of ondo token?

阿台🕊️6 months ago

Wrapper token is the future of tokenized finance.

CryptoCollector6 months ago

@DigPerspectives $CC

BEARTIE6 months ago

The wrapper matters. But the real winner will still be whoever gets distribution right.

MarketRhythm | Timing & Structure6 months ago

Tokenized finance is gaining traction with the wrapper token model. Institutional involvement from Franklin Templeton and Ondo validates the space. Permissionless and fully backed features are key drivers of adoption. Liquidity will be crucial for this model's success.

Murkzman 💹🧲6 months ago

Haha dream on bro

🚨 BREAKING RWA6 months ago

Stablecoin UX. Treasury yield. DeFi composable. Franklin Templeton and Ondo didn't accidentally converge on the same model.

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The most important question in tokenized finance isn't whether to tokenize. It's how. Ondo President Ian De Bode on why the wrapper model is winning, commanding 70% market share. “The wrapper token gives you full economic exposure. It's fully backed, fully bankruptcy remote, and on top of that it is permissionless. You can hold it in wallets just like a stablecoin. You can use it in DeFi just like a stablecoin.” Sandy Kaul, Head of Innovation at Franklin Templeton (Franklin Templeton Digital Assets), on why that matters. “I want a permissionless token that gives me these types of exposures because having that token be permissionless gives me new options for utility that I've never had before.” Covered in full on The Rollup, and why permissionless tokenized assets represent a genuine step change in how the world accesses financial markets.

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Merlijn The Trader

110,609 views • 4 months ago

“Backed by tokenized stocks” means... what, exactly? In short: you buy a DTF → it holds tokenized stocks as collateral → each stock is backed 1:1 by a real share held at a regulated US broker You hold the token, not the share itself ↓

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