
TD Cowen expects demand for tokenized stocks to remain limited despite new rules from the U.S. Securities and Exchange Commission that create a path for these assets to trade outside traditional markets. The assessment, reported by CoinDesk, highlights a gap between regulatory access and likely market participation. Tokenized stocks are digital representations of equities, but the investment bank does not expect the SEC’s updated framework alone to generate strong demand. The rules mark a significant development for the way such products may be traded, while TD Cowen’s view suggests that broader availability may not immediately translate into widespread interest. The comments come as market participants assess how regulatory changes could affect the expansion of tokenized financial assets. No specific demand estimate or timeline was provided in the source material.