[Aave Founder: Aave V4 Can Restructure the On-Chain Securities Financing Market, Targeting a Market Size of Trillions of Dollars] BlockBeats News, June 20, Aave founder Stani Kulechov stated in a post that Aave V4 can be used to restructure the on-chain securities financing market. He mentioned that securities financing is one of Wall Street's largest yet least-discussed markets. Securities-backed lending is already a multi-trillion-dollar business, with the U.S. repo market having an average daily exposure of approximately $12.6 trillion, margin financing reaching $1.3 trillion, wealth management securities-backed loans exceeding $400 billion, and the securities lending market holding about $4.6 trillion in assets on loan, generating a record $15 billion in revenue by 2025. Aave V4, through its "liquidity hub + modular market" structure, can share liquidity at the base layer while creating segmented markets at the upper layer with different risk parameters, asset scopes, and rules. Aave V4 supports three core securities financing scenarios: securities-backed loans, repo transactions, and securities lending. Tokenized securities can be used as collateral to borrow GHO or stablecoins; repo transactions can use tokenized securities as collateral to borrow stablecoins with atomic settlement; in securities lending, tokenized securities themselves can become borrowable assets, with lending income flowing directly to asset holders. Stani stated that Aave V4 can adopt a single shared liquidity hub or split into multiple hubs based on asset classes and risk. The former offers deeper liquidity, while the latter provides stronger risk isolation. He believes the practical path may start with unified liquidity and gradually evolve into a multi-hub structure categorized by asset type and risk as the range of collateral expands. [Original Link]