Possible scenario
Incumbents Capture Economics
20% Chance
Traditional market infrastructure providers respond quickly to prevent crypto-native firms from controlling the tokenized-equity layer. The result is a more competitive market where Ondo and Alpaca validate demand but must share economics with exchanges, custodians, and broker-dealers.
Initial impacts
- Bitcoin Up
Secondary impacts
- Finance +0.7%
- Technology +0.3%
Tickers
- NDAQ+1.7%
- +0.8%
Portfolio impact
S&P 500+0.2%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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