CoinDesk published an opinion piece on Oct. 1 arguing that synthetic tokenized stocks are a bad deal for American investors. The article was written by Aaron Kaplan, founder of Promethum, and edited by Cheyenne Ligon. Kaplan argues that U.S. markets are admired globally because investors trust that owning a share means owning it in full. In his view, synthetic structures weaken that foundation of trust. He says the model shortchanges U.S. investors and cuts against an issuer-led capital markets framework. The piece was published at 7:00 a.m. EDT on Oct. 1, 2026.
CoinDesk on Oct. 1 published an opinion article arguing that synthetic tokenized stocks are bad for American investors.
Aaron Kaplan, founder of Promethum, wrote that U.S. markets are the envy of the world because investors trust that whoever owns a share owns it fully.
Kaplan said synthetic models cheapen that trust, shortchange U.S. investors, and undercut the issuer-led capital markets model.
The piece was written by Aaron Kaplan and edited by Cheyenne Ligon. It was published at 7:00 a.m. EDT on Oct. 1, 2026.
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