Tokenized stocks could see price differences if liquidity diverges by chain

Kal, co-founder and CEO of Lumia, warned in a Crypto Briefing interview that tokenized equities traded across multiple blockchains risk price discrepancies for tokens representing the same underlying stock if liquidity remains fragmented by chain. He argued the biggest opportunity lies in connecting cross-chain liquidity, predicting that tokenized equity liquidity will concentrate on exchanges and large blockchain ecosystems where capital and trading activity are already deep. Listing an asset on multiple chains does not by itself concentrate orders, since separate liquidity pools per chain mean buys and sells execute in different venues. The warning matters as tokenized stocks emerge as a growing real-world asset category, with pricing consistency across chains becoming a key test of market structure. What to watch next is whether cross-chain liquidity routing and shared pools develop to keep tokenized share prices aligned across venues.