🔥 How else can the US stock market play? See how exchanges put "US stocks" on the chain. It has to be said that the wave of tokenization is advancing step by step, from the US dollar, bonds to current stocks. Recently, @ krakenfx teamed up with @ BackedFi to launch "xStocks" @ xStocksFi, launching more than 50 US stocks and ETFs including Tesla, Apple, Nvidia, etc. at once, supporting 24/7 on chain trading, 1:1 physical custody of assets, and targeting non US markets. And @ OndoFinance is not to be outdone. It just announced that its "Ondo Global Markets" will land on Solana, supporting on chain trading of public securities such as stocks, further strengthening Solana's landing path in RWA scenarios. In addition, Bybit @ Bybit_ZH also announced support for USDT trading of 78 high-quality global stock assets this year. Behind these actions is another deep integration of the cryptocurrency industry and traditional financial narratives: transforming the most valuable and liquid asset off the chain - the US stock market - into a new asset on the chain. As early as around 2020, FTX and Binance @ binancezh launched tokenized stock businesses, but ultimately failed due to regulatory oversight. Nowadays, Kraken has chosen to bypass the pitfalls of regulatory compliance and asset custody by having Backed custody of actual shares, emphasizing the ability to redeem cash at any time, as closely as possible to traditional financial logic. 🤔 So, why do these institutions need to work together at this point in time? Here are our views: 1. On the one hand, the growth space of cryptocurrency exchanges is limited, and there is an urgent need to find increments. Tokenized stocks provide a natural advantage in attracting new users by bridging the gap between cryptocurrency and TradFi user groups. 2. On the other hand, the US stock market is worth over $50 trillion, accounting for over 45% of the global stock market, making it the largest and most standardized asset pool. Making it "on chain" not only improves liquidity and trading freedom, but also lays the underlying asset foundation for the next stage of DeFi innovation. 3. On a technical level, Solana's high throughput and low latency trading features make it a popular candidate for "on chain NASDAQ". 4. Of course, compliance remains the biggest variable. To truly popularize tokenized stocks, the gray area of regulation remains unavoidable. Kraken x Backed adopts a combination of "non US customers+European regulation", whether it can really go long-term remains to be seen. But what can be certain is that—— The on chain US stock battle has just begun. Whether it's Kraken, Ondo, or more exchanges that may enter the market in the future, if this round of expansion can be implemented in compliance, it has a great opportunity to reshape the infrastructure pattern of the global capital market. ⭐ Regarding on chain US stocks, industry experts have foresight and are discussing in advance! Alex Xu @xuxiaopengmint @Mint_Ventures https://www. (panewslab.com)/zh/articles/qyky52or Driven by the changing attitude of the SEC and the maturity of technology, the on chain and tokenization of securities in the US stock market are becoming the most promising new narratives in the RWA track, with the potential to explode after regulatory clarity. mindao @mindaoyang https://(((x.com)))/xuxiaopengmint/status/1901847716004774062 Driven by the shift in regulatory environment, mature infrastructure, and changes in market structure, securities tokenization is expected to become a realistic path for the US stock market to go on chain, injecting incremental assets and use cases into DeFi. Lao Bai @Wuhuoqiu https://(((x.com)))/Wuhuoqiu/status/1901970820563685773 RWA is entering a narrative heating period, with assets such as the US stock market regaining feasibility in the new regulatory environment. There have been breakthroughs in both To C and To B scenarios, and the track is shifting from concept to practicality. Sleeping in the Rain @ 0xSleepinRain Listing on the US stock market is a new narrative with market buying potential, which can integrate DeFi and RWA, and has early participation value, with the only uncertainty being regulation. https://(((x.com)))/0xSleepinRain/status/1905138488737149114 What do you think of this track and where are you all playing on the blockchain in the US stock market? Welcome to discuss in the comment section! 👏