Tokenized Stocks Could Repeat 1960s Wall Street Crisis, Warns Fairmint CEO

Fairmint CEO Joris Delanoue has raised concerns about the growing tokenized stocks market, warning it may be heading toward a repeat of Wall Street's 1960s paper crisis. The original crisis was caused by an overwhelming backlog of physical stock certificates that exchanges could not process efficiently. Delanoue argues that today's tokenized stock ecosystem faces a similar risk due to fragmented systems and a lack of unified standards. Without coordinated infrastructure, the proliferation of incompatible platforms could create operational bottlenecks reminiscent of that earlier financial disruption.