全球资本市场的“新风暴”？美股将迎代币化股票

Core Viewpoint - Blockchain technology is rapidly moving from proof-of-concept to large-scale application, showing potential to disrupt traditional financial structures [2] Group 1: Tokenized Stocks - Tokenized stocks enable efficient settlement and liquidity release through blockchain, potentially changing global capital flow rules and making cross-border investment a reality [2] - Kraken plans to allow non-U.S. customers to trade popular stocks like Apple, Nvidia, and Tesla in tokenized form, enhancing accessibility for international investors [4] - Previous attempts at tokenized stocks faced challenges due to regulatory pressures and market acceptance, with notable examples including a 2020 initiative that ended in 2022 due to bankruptcy [4][5] Group 2: Market Impact - The introduction of tokenized stocks by Kraken coincides with a more lenient regulatory stance from the U.S. government towards the cryptocurrency industry, marking a revival in the RWA (Real World Assets) sector [5] - This service lowers the entry barrier for traditional investors into the cryptocurrency market, allowing indirect investment in U.S. stocks through cryptocurrencies [5] - Tokenized stocks provide a means for investors from regions with restrictions to participate in U.S. markets, potentially expanding the investor base and increasing demand for U.S. stocks [5] Group 3: Trading Dynamics - The tokenized stocks will support continuous trading, allowing transactions even when U.S. markets are closed, which may lead to price fluctuations during non-traditional trading hours [4][5] - This continuous trading model could indirectly affect the opening prices of U.S. stocks the following day [5]