美股永续合约破局 XBIT交易所链上融资衍生品交易的安全锚

Core Viewpoint - The launch of Superstate's Direct Issuance Programs allows public companies to raise funds through tokenized stocks directly from KYC-verified investors, marking a significant shift in capital markets towards decentralization and blockchain integration [1] Group 1: Superstate's Direct Issuance Programs - Superstate, founded by Compound's Robert Leshner, will enable public companies to issue tokenized stocks directly to investors, facilitating stablecoin payments and instant settlements [1] - The program is set to launch its first projects in 2026 and operates within the SEC regulatory framework, eliminating the need for underwriters [1] Group 2: Impact on U.S. Stock Market Derivatives - The introduction of tokenized stocks is expected to enhance the demand for U.S. perpetual contracts, which are derivatives that track U.S. stock prices and offer high liquidity and leverage [3] - The removal of traditional trading barriers, such as T+2 settlement and geographical restrictions, will lead to a surge in global investor interest for 24/7, borderless trading [3] Group 3: XBIT Exchange's Role - XBIT is positioned as a secure platform for trading U.S. perpetual contracts, utilizing a unique three-layer security architecture to ensure transaction safety [4] - The platform employs military-grade encryption, automated risk control through smart contracts, and cold wallet storage for user funds, which has resulted in no major security incidents in five years [4] Group 4: Transparency and Risk Management - XBIT's "transparent position" feature allows users to view real-time data on positions and margin ratios, significantly increasing market transparency and reducing the potential for manipulation [6] - The platform's dynamic liquidation warning mechanism proactively adjusts liquidation thresholds during extreme market conditions, enhancing user capital protection [7] Group 5: Future Market Dynamics - If Superstate's plan is successfully implemented, the capital market in 2026 will see technology companies raising funds through tokenized stocks, with investors using USDC for direct purchases [9] - XBIT's advantages will be amplified by its cross-chain compatibility and institutional-grade risk management, aligning with the compliance and security needs of both retail and institutional investors [9]