Lorenzo Valente(@LorenzoARK):The shitshow happening with second- and third-layer SPVs is exactly what awaits the RWA scene in crypto with tokenized stocks. @Bullish acquiring Equinity, and folks like @Securitize bringing canonical shares on-chain, is key here. But I suspect we'll end up with tens of other wrappers equity-in-stock SPVs, debt notes, you name it. We won't get many shots at this. We need to do it right.

Lorenzo Valente

@LorenzoARK

Crypto at @ARKinvest I Director of Research I Disclosure:

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Lorenzo Valente@LorenzoARK

2026.05.13 16:14

The shitshow happening with second- and third-layer SPVs is exactly what awaits the RWA scene in crypto with tokenized stocks. @Bullish acquiring Equinity, and folks like @Securitize bringing canonical shares on-chain, is key here. But I suspect we'll end up with tens of other wrappers equity-in-stock SPVs, debt notes, you name it. We won't get many shots at this. We need to do it right.