Recently, more and more people are paying attention to on-chain US stocks. While the advantages have been thoroughly discussed, let me remind you of the risks, as this is still an emerging market. Here are the risks: 1. **"One-Click Freeze" Risk (Centralization):** Both Ondo and xStocks contracts have a Blacklist function. If the SEC orders it, or in the event of a hacker attack, the issuer can freeze the stock tokens in your wallet at any time. 2. **De-peg & Slippage:** In a brokerage account, NVDA is always NVDA. But on-chain NVDA is just a token tracking the price. If on-chain liquidity dries up or the Oracle price feed is delayed, you might encounter a situation where a $100 stock can only be sold for $95. 3. **Counterparty Risk:** Your real money is handed over to the underlying "custodian." Even though there are audits, if the custodian goes bankrupt (think FTX misuse), the tokens in your hand might turn into worthless paper. **Conclusion:** On-chain US stocks might still be in their early stages. They’re suitable for swing trading, hedging, or arbitrage. But if you’re thinking of passing stocks down to your grandkids, it’s better to just open an account with Futu or Interactive Brokers.