Stablecoin ETF is here! Amplify's asset tokenization dual product targets the trillion-dollar market

Amplify ETFs launches two innovative ETF products, namely the Amplify Stablecoin Technology ETF and the Amplify Tokenization Technology ETF, marking the entry of institutional funds into the stablecoin and asset tokenization sectors. Both ETFs have an expense ratio of 0.69% and are listed on the NYSE Arca.

Strategic Significance of the Dual ETF Approach: Capturing Trillion-Dollar Market Opportunities

(Source: Amplify ETF)

Amplify’s decision to launch both stablecoin and asset tokenization ETFs simultaneously is no coincidence. These two sectors are experiencing explosive growth and exhibit strong synergistic effects. The stablecoin market has surpassed $250 billion, with USDT and USDC-led payment infrastructure becoming the de facto standard for cross-border settlements. Although the asset tokenization market is still in its early stages, Boston Consulting predicts that by 2030, the market size will reach $16 trillion.

The timing of issuance aligns closely with regulatory developments. The US GENIUS Act was signed in July, establishing a federal framework for stablecoins and clarifying compliance and audit requirements, paving the way for institutional use of stablecoins for settlement and tokenized assets. This regulatory clarity is a key catalyst for Amplify’s product launch, as institutional investors tend to be very cautious in uncertain regulatory environments.

As a fund provider managing over $16 billion in assets, Amplify’s entry brings institutional recognition to these two sectors. Unlike early crypto ETFs mainly launched by emerging asset management firms, Amplify has a mature network of institutional clients in traditional finance. This means STBQ and TKNQ will directly reach mainstream allocators such as pension funds, family offices, and corporate treasuries, rather than only crypto-native investors.

Synergistic Effects of Stablecoins and Tokenization

The synergy between the two lies in: stablecoins serve as the settlement layer for asset tokenization, and tokenized assets require stablecoins to provide liquidity. When real-world assets (RWA) such as real estate, bonds, and art are tokenized, transactions and settlements rely on stablecoins. STBQ invests in infrastructure, while TKNQ invests in application scenarios, forming a complete value chain for capturing value.

In terms of holdings, STBQ’s 24 assets are relatively concentrated, indicating a clear leading effect in the stablecoin sector. TKNQ’s 53 assets are more dispersed, reflecting that asset tokenization is still in a phase of diverse experimentation, with no dominant leader yet. This difference offers investors options: if confident in mature stablecoin infrastructure, choose STBQ; if willing to take higher risks to bet on early tokenization applications, choose TKNQ.

Core Differences Between the Two ETFs

Amplify Stablecoin Technology ETF (STBQ)

Tracking Index: MarketVector Stablecoin Technology Index

Number of Holdings: 24 assets

Core Exposure: Payment companies, crypto infrastructure providers, stablecoin trading platforms

Representative Holdings: XRP, SOL, ETH, LINK, and other spot crypto ETFs

Investment Logic: Capture the value of stablecoins as foundational infrastructure for payment tracks

Amplify Tokenization Technology ETF (TKNQ)

Tracking Index: MarketVector Tokenization Technology Index

Number of Holdings: 53 assets

Core Exposure: Companies supporting the digitization of real assets and crypto assets

Investment Logic: Capture structural opportunities in bringing real-world assets (RWA) on-chain

How the GENIUS Act Changes the Game

The GENIUS Act (Guiding and Establishing National Innovation for US Stablecoins), signed in July 2025, is the biggest catalyst for Amplify’s dual ETF launch. It establishes a federal regulatory framework for stablecoins for the first time, clearly defining issuance qualifications, reserve requirements, audit standards, and redemption mechanisms. This regulatory clarity removes major barriers for institutional participation.

Key provisions include: stablecoin issuers must hold 100% high-quality liquid assets as reserves, conduct monthly independent audits and publish reports, establish real-time redemption mechanisms ensuring 1:1 redemption, and operate across states with federal approval. While strict, these regulations provide unprecedented protection for investors.

The act also has a profound impact on asset tokenization. It clarifies that stablecoins can be used for settlement of tokenized assets and provides clear standards for security tokens and utility tokens. This enables traditional assets such as real estate, bonds, and equities to be legally issued and traded on blockchain without regulatory uncertainty.

Amplify chose to launch products five months after the bill was signed, demonstrating that its team spent ample time assessing regulatory impacts and market opportunities. The 0.69% fee, though higher than standard equity ETFs, is reasonable within the thematic crypto ETF space. For investors seeking precise exposure to stablecoin or tokenization sectors, this fee is acceptable.

From a allocation strategy perspective, conservative investors can choose STBQ, as stablecoin infrastructure has been market-validated. Aggressive investors may opt for TKNQ, betting on explosive growth in tokenization. Balanced investors can hold both to gain full exposure to the entire “stablecoin + tokenization” industry chain.