24小时不间断交易，Bybit、Robinhood、Kraken 同日启动，美股代币化汹涌来袭

Core Insights - The boundary between traditional stock markets and the cryptocurrency world is rapidly blurring, with unprecedented growth in tokenized U.S. stocks [1] - Major platforms like Robinhood, Bybit, and Kraken are launching tokenized stock services, enabling 24/7 trading of stocks and ETFs [1][2] - The tokenized stocks are backed 1:1 by real stocks, enhancing accessibility and democratizing financial market entry [1][3] Group 1: Market Developments - Robinhood has launched a tokenized stock trading service for EU users, supporting over 200 U.S. stocks and ETFs, including major companies like Nvidia, Apple, and Microsoft [1] - Bybit and Kraken have introduced their own tokenized stock products, covering around 60 stocks and ETFs, utilizing a third-party issuance model [1][3] - Robinhood plans to expand its tokenized stock offerings to "thousands" of stocks by the end of the year and aims for 24/7 trading [4] Group 2: Regulatory Environment - The regulatory landscape for tokenized stocks is becoming clearer, with traditional financial institutions and crypto firms advocating for favorable regulations [5] - Coinbase is seeking SEC approval to offer tokenized stock trading services, potentially becoming one of the first compliant platforms in the U.S. [5] - Experts believe that tokenized stocks could significantly alter the securities investment landscape, attracting international investors due to better market access and lower costs [5] Group 3: Market Potential - The market for tokenizing real-world assets could reach $2 trillion by 2030, with significant growth already seen in tokenized U.S. Treasury bonds [6] - The expectation of improved regulatory conditions under the Trump administration has increased optimism for the tokenized stock market [6] - There is a growing demand for tokenized stocks among cryptocurrency investors, particularly during market volatility [6] Group 4: Challenges Ahead - Despite the promising outlook, tokenized stocks face significant challenges, including a lack of regulatory clarity in the U.S. [7] - The current market size for tokenized stocks is only $388 million, which is negligible compared to the global stock market's over $120 trillion [7] - Experts warn that changing the trading method may disrupt the entire ecosystem of exchanges and brokers [7]