You bought a tokenized stock. But did you buy the same rights as a shareholder? Cardano Foundation CEO Frederik Gregaard argues that “99%” of tokenization use cases fail to offer something better, faster or cheaper than existing alternatives. He explains what investors can lose when assets move on-chain—and what tokenization needs to get right. Speaking to Cointelegraph at TOKEN2049 Singapore, Gregaard discusses ownership rights, digital identity, Cardano’s planned Fireblocks integration and the tokenization of 850,000 shares in a Swiss private company. He also shares examples of enterprise adoption and explains why blockchain’s real-world use goes beyond the market cycle. 00:00 Tokenization’s Biggest Problem 00:27 “99%” of Tokenization Falls Short 00:50 What Stablecoins Are Still Missing 01:45 You Bought the Token. What Do You Own? 02:24 What’s New at Cardano Foundation? 02:44 Cardano’s Fireblocks Integration Plan 03:10 Can Tokens Carry Real Ownership Rights? 03:35 850,000 Shares—and the Rights Behind Them 04:22 Who’s Actually Using Cardano? 05:25 Adoption Beyond the Bear Market Recorded at TOKEN2049 Singapore in October 2026. #Cardano #Tokenization #RWA #ADA Follow COINTELEGRAPH: Website: https://cointelegraph.com/ Telegram: https://t.me/cointelegraph Facebook: https://www.facebook.com/cointelegraph Twitter: https://twitter.com/cointelegraph Mobile app: https://linktr.ee/cointelegraph_mobile Cointelegraph covers everything Bitcoin, bringing you the latest news, prices, breakthroughs, and analysis, with emphasis on expert opinion and commentary from the digital currency community.