BStocks Practical Guide: Why it is worth studying seriously for everyone, not just 'on chain stocks'. Many people's first reaction when they see bStocks is: 'On chain US stocks'. But after experiencing it, you will find that it is actually not the same thing as the "stock token" that people used to understand. In the past few years, there have been many stock mapping assets in the market, but most of them are more like price mapping tools. The ecosystem that can truly participate is limited, and it is difficult to continue generating additional returns. Therefore, many users can only wait for price fluctuations after buying. The difference between bStocks is that it truly brings stock assets into BNBChain's DeFi system. This means that it can not only be an asset, but also a part of on chain fund management. The first stock finally has on chain liquidity: The biggest characteristic of traditional securities is that trading and fund management occur almost in two separate systems. After buying stocks, most of the time they can only be held. If you want to achieve more capital efficiency, you can only rely on the margin trading and short selling services provided by securities firms, and the threshold, cost, and scope of opening are relatively limited. After the emergence of bStocks, this situation began to change. When stock assets can exist on the chain, they begin to possess the attributes of DeFi assets. In the future, we can participate in lending, liquidity agreements, portfolio strategies, and more on chain applications. For long-term investors, this means that an asset is no longer just waiting to rise, but can continue to participate in the entire on chain financial system. The second stock and Crypto are no longer two completely independent markets: Many people's investment portfolios used to be like this: The securities account is responsible for buying stocks The exchange is responsible for buying BTC and ETH Wallet is responsible for making DeFi Funds have been in a state of long-term fragmentation And bStocks is more like trying to put these assets into the same ecosystem. In the future, a wallet that can simultaneously manage: BTC ETH stablecoin stock assets Even more RWAs This unified asset management approach may be the true development direction of on chain finance. Thirdly, do not overlook the importance of collateral capacity. Many people only focus on the price. What really affects the efficiency of funds is whether assets can continue to be used. Assuming more protocols are supported in the future, a bStocks: Can continue to hold Can be used as collateral Can participate in more DeFi products You can even continue to earn other benefits So the same fund has more usage scenarios. For fund management, this is far more important than simply increasing by a few percentage points. Of course, the support for different protocols still needs to be based on the actual online functions of the official platform. Fourthly, what kind of people are bStocks more suitable for? In my understanding, there are mainly three types: The first type is people who have long-term investments in US stocks In the past, stocks could only be held in securities accounts, but now there are more on chain gameplay options available. The second category is long-term users who participate in DeFi In the past, funds were mainly concentrated in stablecoins and cryptocurrency assets, but now there are new asset classes available for allocation. The third category is investors who pay attention to RWA Compared to many projects that are still in the conceptual stage, stocks are naturally one of the most familiar real-world assets. When stocks truly enter the chain, the market size they can bring is much larger than a single track. The last few easily overlooked issues: After seeing stock tokens, many people It will be assumed that 'on chain stocks=real stocks'. Actually, it is necessary to distinguish the mechanisms of different products It's best to confirm before participating Asset issuance method Corresponding compliance framework Does it support actual redemption What on chain protocols are supported And related risks These contents will directly affect the subsequent user experience Conclusion (personal perspective): I believe that the significance of bStocks is not just about adding a few tradable stock tokens. More importantly, it began to give stock assets on chain composability. In the past, DeFi revolved more around Crypto's own cycle. In the future, as more and more real-world assets enter the chain, funds can freely flow between different assets, and the boundaries of on chain finance will continue to expand. If RWA is one of the most important directions for the next few years, then bStocks is more like an attempt to truly bring "stock assets" into the on chain ecosystem.