《On-Chain Stock Sector Heats Up: What Can Startups Do?》 (Author: 0xRickyW, Translated by AididiaoJP, Foresight News) On-chain stocks connect real equity with investment applications through tokenization, but the key lies in the underlying mechanisms and rights definition: Who backs the tokens, what rights do holders have, and what are the conditions for exit and redemption? The article distinguishes between equity-like tokens, collateral certificates, etc., and clarifies that being on-chain does not equate to holding physical stocks, as it involves custody, clearing, reconciliation, and other multi-party participation. Five major market implications: asset accessibility, development focus, cross-application position migration, collateralized lending, and 24/7 trading and settlement. Startup opportunities are concentrated in three paths: investment products, operational software, and infrastructure. Read the full article: https://www.(wublock123.com)/articles/article-59627