Citrini selects 13 altcoins for tokenization! The following is the list

Wall Street asset listings open up new revenue sources for the crypto market

As Wall Street moves stocks, bonds and other financial assets to the blockchain, new profitable areas are expected to emerge in the crypto market. In its 79-page report "Breaking the Wall" released on October 8, Citrini highlighted crypto projects other than Bitcoin and Ethereum that could benefit from this transition.

The report specifically mentions projects such as Aerodrome (AERO), Maple (SYRUP), Ondo (ONDO), Pendle (PENDLE) and Derive (DRV). Citrini believes that as tokenization expands, platforms that collect fees from trading, lending and payment activities will reap more benefits. However, there is a key difference here: increased blockchain usage does not necessarily lead to an increase in the price of the associated token. The core question is to which agreements the generated economic value flows and to what extent it benefits token holders.

How does tokenization bring benefits to altcoins?

Tokenization refers to the use of digital tokens on the blockchain to represent traditional assets such as stocks and bonds. These tokens can be traded and used as credit collateral on certain platforms. According to Citrini's analysis, the real opportunity lies in the agreement to provide trading and financing services for these assets. As the scale of tokenization grows, trading and lending activity may increase, bringing more fee income to the platform.

List of key altcoins recommended by Citrini

Citrini的评估涵盖了具有不同商业模式的项目。部分项目侧重于交易费用，部分依赖信贷业务，还有部分则通过金融基础设施服务获利。

交易平台

• Aerodrome (AERO)：作为一家去中心化交易平台，它有望从代币化股票的买卖中赚取费用。
• Uniswap (UNI)：提供去中心化的市场基础设施，支持多种代币的交易。

信贷与收益产品

• Maple (SYRUP)：管理面向机构投资者的区块链基础信贷产品。
• Aave (AAVE)：提供去中心化的借贷基础设施。
• Pendle (PENDLE)：允许投资者购买和出售生息资产未来的收益权。

代币化资产

• Ondo Finance (ONDO)：提供代币化的美国国债和股票产品。该项目近期还扩展到了永续合约领域。Citrini认为，随着传统金融资产向区块链迁移，围绕这些产品的交易活动可能会增加。

稳定币与金融服务

• Ethena (ENA)：除了发行稳定币外，还在扩展数字金融服务，涵盖高收益储蓄产品、卡片及支付等领域。
• ether.fi (ETHFI)：提供基于加密货币的金融服务。

Data and blockchain infrastructure

• Chainlink (LINK): Stand out with its oracle infrastructure that brings market data into blockchain applications.
• LayerZero (ZRO): Implement interconnection between different blockchains. As tokenized assets are deployed on more platforms, the demand for such infrastructure is likely to increase.

Derivatives trading

• Derive (DRV): Focus on decentralized options trading.
• Lighter (LIT) & Variational (VAR): Citrini also looks at emerging platforms operating in the perpetual contract market that are expected to benefit from the growth of the perpetual contract market where price speculation can be carried out without having to hold assets.

In addition, Citrini sees Hyperliquid (HYPE) as one of the strong platforms in this space. Notably, the report also mentions market access obtained through public investment vehicles such as Bitwise Hyperliquid ETF (BHYP). This is an important distinction: exposure gained through an ETF is not the same thing as holding HYPE tokens directly in a crypto token portfolio.

Does the growth of tokenization mean that the price of altcoins will rise?

The most critical warning in the Citrini report is that increased trading volume does not automatically translate into gains for token holders. Although the number of active users and transaction volume of the agreement may increase, the resulting fees may not be directly allocated to token holders. Therefore, investors should not only pay attention to the frequency of use of the project, but also review its profitability and income distribution mechanism.

The report also pointed out that the dispersion of liquidity between different blockchains, security loopholes and legal obstacles are also potential risks. These issues may delay the popularity of tokenization or limit the growth of specific platforms. In particular, synthetic tokenized products that track stock prices present unique risks: they can be exposed to price fluctuations in traditional stocks, but do not give investors direct ownership or voting rights.

Citrini's view is not that it predicts that Bitcoin and Ethereum will depreciate, but that Wall Street's transition to blockchain may create more attractive economic opportunities for different crypto projects. For investors, the decisive factor is not only the scale expansion of tokenization, but also how this expansion translates into actual income in specific agreements and how much value it brings to token holders. Therefore, Citrini's list should be viewed as a list of projects that require in-depth analysis of business models and revenue-sharing mechanisms, rather than as a determined price target.

The content of this article is based on general market data and does not constitute investment advice. Readers are advised to conduct independent research.