Core Insights - The SEC plans to allow traditional finance (TradFi) stocks to trade onchain through the tokenization of real-world assets (RWAs), enabling a Web3-native stock trading experience for retail investors [1][2] - This initiative is part of the SEC's broader pro-crypto efforts, which include new ETF listing standards and regulatory innovations [2][4] - The proposed mechanism would allow retail traders to purchase tokens linked to the value of TradFi stocks, such as Tesla and Nvidia, providing distinct advantages over traditional trading methods [2][3] Industry Implications - The onchain trading of TradFi stocks could lead to a significant transformation in the financial markets, allowing crypto investors to trade assets 24/7, independent of traditional market hours [3] - The SEC's approach may differ from BlackRock's localized experiments with RWA tokenization, as it aims to open these services to a broader range of products beyond ETFs [4] - Political pressure is mounting on the SEC to adopt pro-crypto measures, with this onchain stock program being a particular priority, reflecting a growing interest in integrating TradFi with Web3 technologies [4]