Name: Virtual Assets Integrated into US Traditional Financial Payment Network. Trump's Executive Order That Flipped the Market | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]
Uploaded: 2026-05-20T03:53:46+00:00
Duration: 1752 s

Speakers

Park Sang-hyuk — Editor

Summary

The video discusses macro headwinds from inflation and rising bond yields, which are pressuring risk assets including cryptocurrencies. Key developments include the SEC's innovation exemption for third-party tokenization of stocks and Trump's executive order integrating virtual assets into the US financial payment system. The host and guest identify specific beneficiaries such as Ondo Finance, Chainlink, BlackRock, Coinbase, Hyperliquid, and Ripple. The tone is cautiously optimistic on the tokenization trend but cautious on near-term macro risks.

Inflation and rising 30-year Treasury yields are causing broad risk asset selloffs including crypto.
SEC proposes innovation exemption allowing third-party tokenization of stocks (types C and D).
Potential beneficiaries include Ondo Finance, Chainlink, BlackRock, Coinbase, and Hyperliquid.
Trump signs executive order to study integrating virtual assets into traditional payment systems.
Ripple and Circle have applied for institutional licenses and could benefit from regulatory easing.
Ethereum is underperforming due to internal leadership changes at its foundation.
Bitcoin ETF outflows hit record levels amid macro uncertainty.

Trade Ideas

Park Sang-hyuk Editor 20:31

Ondo Finance benefits from tokenization exemption.

The SEC's innovation exemption for third-party tokenization (C and D type stock tokens) directly benefits platforms like Ondo Finance that provide such services, as evidenced by a 5% price surge on the news. As the RWA tokenization market grows (currently 4% of on-chain RWA), Ondo Finance stands to gain significant market share.

Park Sang-hyuk Editor 21:02

Chainlink benefits from RWA tokenization growth.

Chainlink provides oracle infrastructure that connects off-chain data to on-chain applications. As the RWA tokenization market expands, the demand for reliable data oracles will increase, making Chainlink a key beneficiary.

Park Sang-hyuk Editor 21:27

BlackRock leads traditional finance tokenization push.

BlackRock, led by CEO Larry Fink who stated that everything will be tokenized, is pushing tokenization services aggressively. As a traditional finance giant, BlackRock is well-positioned to capture market share in the growing tokenization space, despite recent SEC probe headwinds.

Park Sang-hyuk Editor 21:49

Coinbase gains from tokenized stock trading.

Coinbase, as a leading US-based digital asset exchange, stands to benefit from the SEC's innovation exemption because it opens the door for exchanges to trade tokenized stocks (RWA). This provides Coinbase a new revenue stream and broader market participation.

Park Sang-hyuk Editor 22:59

Hyperliquid rallies on tokenization catalyst.

Hyperliquid, a decentralized exchange already trading perpetuals on pre-IPO stocks like SpaceX, is a direct beneficiary of the SEC's innovation exemption. The platform has already rallied 20% in a week on anticipation of expanded tokenized stock trading, and the exemption could further boost its volume.

Park Sang-hyuk Editor 28:18

Ripple benefits from regulatory easing order.

Trump's executive order directing regulatory agencies to study easing licensing rules for digital asset companies is positive for Ripple (XRP), which has already applied for institutional licenses. This paves the way for Ripple to operate within the traditional financial system, reducing regulatory overhang and unlocking new business lines.

Virtual Assets Integrated into US Traditional Financial Payment Network. Trump's Executive Order That Flipped the Market | Seo Dong-ju, Kim Dong-hwan, Park Sang-hyuk, Digital Asset Editor-in-Chief [Crypto PLUS]

Summary

Trade Ideas

Up Next