Previously, the New York Stock Exchange invested $200 million in OKX, thinking it was just using the cryptocurrency market as a distribution channel. After all, at that time, investing in Polymarket was to sell trading data to institutional clients. However, now the two companies have officially announced the establishment of a joint venture with each holding a 50% stake. This treatment is considered top-level in cross-border cooperation, and Fortune magazine has revealed that former New York Governor Andrew Cuomo will serve as the co chairman of this company, with full regulatory endorsement. But what I find most meaningful in this is the announcement that there will be a deep cooperation in the field of "tokenized stocks". Although all exchanges are now vigorously promoting direct brokerage services, I believe this is still a reversal for the sake of short-term market expansion. Blockchain has unique technological advantages, with 24/7 trading, instant settlement, and more importantly, the earliest expectation of a large number of cryptocurrency enthusiasts for RWA is to introduce more assets into the cryptocurrency circle through tokenization, integrate into the Defi ecosystem, empower traditional stocks with more new ways of playing through mortgage loans and other combinations, and bring new liquidity to the exhausted and boring cryptocurrency circle. Any retail investor can use Nvidia's stocks as collateral to lend USDT. The, It is almost impossible to achieve in the traditional financial system, and this is the area where the cryptocurrency industry excels the most, rather than being constantly drained. We also look forward to the cooperation between OKX and the New York Stock Exchange bringing some fresh air to the cryptocurrency industry.