【Multicoin Co-founder: Does Not Believe Public Stock Issuance Will Be the First Tokenized Security Adopted by the Mass Market】 According to a report released on the 7th, Multicoin co-founder Tushar Jain stated that he does not believe public stock issuance will be the first tokenized security adopted by the mass market. Markets with lower liquidity, greater opacity, and more benefits from tokenization are more likely to be adopted first. This could be equity in startups, as there is no reason to pay Carta or Angelist to manage when blockchain can manage the cap table for free. It could be fixed income instruments that Figure has been researching for years. It could be LP interests in funds.