Tokenization of US Stocks: Opportunities and Challenges of RWA Innovation

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Tokenization of US Stocks: A New Narrative or Old Wine in a New Bottle?

Recently, the tokenization products in the US stock market have sparked intense discussions in the market, with multiple platforms launching related services. Is this a new narrative or old wine in a new bottle? This episode of the tavern invites guests to discuss this hot topic from different perspectives.

US Stock Tokenization: A Financial Innovation Interwoven with the Old and the New

The tokenization of US stocks is not a new concept, tracing back to early STO and RWA attempts. However, the recent surge is driven by improvements in the regulatory environment, technological advancements, and changes in user demand. It lowers the trading threshold, supports round-the-clock trading, and provides investors with new options.

However, tokenized stocks are fundamentally different from traditional stocks:

  • Holders only receive price certificates, with no shareholder rights.
  • The price is formed by market transactions and may deviate from the actual stock price.
  • Insufficient liquidity leads to slippage risk

For the tokenization of unlisted company stocks, the risks are higher:

  • Legal status is unclear
  • Information asymmetry is severe
  • The pricing mechanism is opaque.

Considerations for Choosing an Issuance Chain

Different platforms have their own considerations when choosing the issuance chain:

  • Solana: Large user base, fast transaction speed, mature DeFi ecosystem
  • Arbitrum: Low gas fees, strong contract customization, aligns with Robinhood's strategy
  • Sui: Great ecological potential, but a relatively weak user base.

The choice of blockchain involves both technical and commercial factors, reflecting the strategic layout of the issuer.

The Long-term Value and Challenges of US Stock Tokenization

The tokenization of US stocks, as a form of RWA, has long-term value:

  • Improve transparency
  • Reduce trust costs
  • Support for 24/7 trading
  • Achieve rapid pricing

However, there are still many challenges ahead:

  • Insufficient liquidity
  • Price Deviation Risk
  • Redemption mechanism missing
  • Compliance uncertainty

In the long run, RWA is expected to reshape the financial and content industries, but it requires the joint maturation of technology, regulation, and the market. In addition to stocks, the tokenization of areas such as copyrights and real estate is also worth paying attention to.

Overall, the tokenization of US stocks is a financial innovation that intertwines the old and the new, connecting Web2 and Web3, and lowering transaction barriers and costs. However, investors still need to cautiously assess risks and pay attention to product design and regulatory developments.

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GetRichLeekvip
· 08-08 07:12
Want to play people for suckers with a new batch? Same old tricks.
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UncommonNPCvip
· 08-07 09:33
又来洗韭菜 唉
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StablecoinEnjoyervip
· 08-05 11:13
Another wave of playing people for suckers tactics.
View OriginalReply0
Layer2Observervip
· 08-05 11:12
A new bottle is just for holding wine; why discuss new or old?
View OriginalReply0
NFTRegretfulvip
· 08-05 11:11
Here we go again talking about rwa, crying louder than anyone when it falls.
View OriginalReply0
MetaDreamervip
· 08-05 11:06
Is it another new way for suckers?
View OriginalReply0
WalletDetectivevip
· 08-05 10:56
Here we go again with the trending topics???
View OriginalReply0
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