Overview of Tokenized Stocks - Tokenized real-world assets (RWAs), particularly tokenized stocks, are gaining momentum in the crypto space, allowing 24/7 trading of shares of major companies like Nvidia and JP Morgan directly on crypto blockchains [1][2] - Tokenized stocks enable fractionalization, allowing investors to buy portions of shares, increasing accessibility, especially for high-value stocks [13] - Tokenized stocks offer faster settlement times compared to traditional stocks, with on-chain trades settling in seconds [14] Key Players and Platforms - Leading providers like Backed Finance offer XStocks on Solana, BNB Chain, Tron, and Ethereum [15] - Other notable providers include Ono Finance, collaborating with Trust Wallet, and Dinari, offering Dshares on Solana, Ethereum, Base, Arbitrum, and Plume [15][16] - Robinhood offers over 200 tokenized stocks and ETFs on Arbitrum, with plans to migrate to its own blockchain [16] - Coinbase has filed with the SEC to offer tokenized stocks [17] - Exchanges like BitGet list over 100 different tokenized stocks, including XStocks from Backed Finance, and tokenized shares of pre-ICO companies [22] Accessing Tokenized Stocks - Tokenized stocks can be accessed through centralized exchanges like Kraken, Bybit, Gate, OKX, BitGet, LBank, Valar, and Kcoin [24] - Decentralized platforms such as Uniswap, Pancake Swap, and Sushi Swap also offer tokenized stocks [27] - Mobile wallets like Trust Wallet, Phantom, Metamask, and Coinbase Wallet facilitate direct purchases of tokenized stocks [27] Benefits of Tokenized Stocks - Tokenized stocks offer 24/7 trading, borderless participation, and DeFi composability [12][42] - Tokenized stocks can be used in DeFi protocols for lending, borrowing, and providing liquidity to earn additional rewards [39][40][41] Risks and Challenges - Regulatory uncertainty remains a significant challenge, as regulatory bodies are still developing clear frameworks for tokenized stocks [43] - Tokenized stocks typically do not offer the same rights as traditional stocks, such as voting rights or shareholder privileges [45] - Counterparty risk exists due to the reliance on custodians and issuers to maintain a 1:1 ratio between tokens and underlying shares [47] - Low liquidity can make tokenized stocks hyper-sensitive to price fluctuations, especially in DeFi protocols with leverage [48][49]

Tokenized Stocks - Kraken 通过 XStocks 产品进入代币化股票领域 [1] - Kraken 消费者主管 Mark Greenberg 解释了代币化股票的世界 [1]