Aero aims to become the leading onchain spot exchange for tokenized stocks, CEO says

Aero aims to become the leading onchain spot exchange for tokenized stocks and other financial assets, according to Alex Cutler, cofounder and CEO of Dromos Labs. The comments come as Aero launched across seven blockchain networks on Wednesday, consolidating Aerodrome and Velodrome into a single decentralized exchange. “Prices are anchored in spot markets, traders hedge against them, and they absorb liquidations,” Cutler told Crypto Briefing. Without sufficient liquidity, he said, other onchain markets cannot function effectively. Cutler pointed to Hyperliquid as an example of how derivatives trading can consolidate around a single venue with deep liquidity. “Nobody has done that for spot yet, and that’s what Aero is building toward,” he said. The comments expand on an interview with The Rollup published earlier this week, in which Cutler argued that crypto markets need an equivalent of the New York Stock Exchange or Nasdaq alongside derivatives venues comparable to the Chicago Mercantile Exchange. Unlike traditional stock exchanges, which operate during fixed trading hours, tokenized stocks can trade around the clock, increasing the importance of liquid spot markets capable of sup...