Artículos Relacionados con Tokenized Stocks

El Centro de Noticias de HTX ofrece los artículos más recientes y un análisis profundo sobre "Tokenized Stocks", cubriendo tendencias del mercado, actualizaciones de proyectos, desarrollos tecnológicos y políticas regulatorias en la industria de cripto.

SEC Market Structure Proposal Draws Attention From Tokenized Stock Advocates

The SEC has proposed eliminating two key equity market structure rules, Regulation NMS Rules 611 and 610(e), which govern order routing and the display of quotes. While the proposal is aimed at simplifying traditional markets and reducing costs, it has drawn attention from advocates for tokenized stocks. The reason is that current rules, which require checking the best prices across venues, are difficult to reconcile with on-chain trading models like automated market makers (AMMs). A more flexible structure could theoretically make it easier to design compliant blockchain-based systems for trading tokenized equities. However, the proposal is not specifically about crypto, and tokenized stocks would still need to meet numerous other securities regulations. The change is now open for public comment and faces a lengthy process before any final adoption.

bitcoinistAyer 22:06

SEC Market Structure Proposal Draws Attention From Tokenized Stock Advocates

bitcoinistAyer 22:06

The U.S. SEC Wants to Dismantle a 2005 Rule, What Tokenized Stocks Are Seeing

The U.S. SEC has proposed rescinding two key rules, Rule 611 (the trade-through rule) and Rule 610(e) (restrictions on locked and crossed quotations), from the 2005 Regulation NMS. The move aims to modernize equity market structure by reducing regulatory complexity and granting trading venues and brokers more flexibility in order routing, quote display, and trade execution. The SEC argues that the highly automated, fragmented, and competitive modern market, with trends like 24/7 trading and the potential use of distributed ledger technology for tokenized securities, has diminished the necessity of these rules, which were designed to protect the best displayed prices. Their removal could lower compliance costs (estimated at $54.2-$77 million annually) and may create space for innovative trading mechanisms, including those relevant to tokenized stocks, such as smart contracts and AMMs. However, the proposal is still in the public comment phase and does not address other core challenges for tokenized securities, like custody or registration.

Foresight NewsHace 2 días 09:34

The U.S. SEC Wants to Dismantle a 2005 Rule, What Tokenized Stocks Are Seeing

Foresight NewsHace 2 días 09:34

Could Solana Be The Best Spot Trading Market Globally? This Crypto Pundit Thinks So

Despite ongoing market volatility pushing Solana's price to around $68, crypto pundit Chase, a Solana mobile employee, expresses strong optimism. He argues that after evaluating market structure, Solana has the infrastructure to become the world's best spot trading market and is likely to generate more revenue than any other blockchain. He emphasizes that expanding its retail and trader ecosystem is key for growth. Supporting this view, Solana's network shows robust activity, with its Total Capital Generated (TCG) reaching a new weekly high of $73.6 million. Furthermore, Solana has overtaken Ethereum to become the leading blockchain by tokenized stock market cap, which surged over 54% to $724.1 million recently. At the time of writing, SOL was trading at $64, down nearly 9% in a day.

bitcoinist06/06 02:33

Could Solana Be The Best Spot Trading Market Globally? This Crypto Pundit Thinks So

bitcoinist06/06 02:33

How to Define "Real U.S. Stocks": Differences Between On-Chain Tokens, Price Contracts, and Direct Broker Connections

**Title:** Defining "Real US Stocks": Differences Among On-Chain Tokens, Price Contracts, and Broker-Direct Access **Summary:** In 2026, using stablecoins to purchase US stocks is mainstream, but products marketed as "buying US stocks with USDT" offer fundamentally different assets. This article analyzes three primary models. **1. Tokenized Stocks:** These are on-chain tokens representing economic exposure to underlying stocks, held by an issuer or custodian. They offer benefits like 24/7 trading and DeFi composability (e.g., use as loan collateral). However, users lack direct legal shareholder status; dividends may not be paid in cash, and voting rights are typically non-binding advisory expressions. Examples include platforms like Ondo Finance. **2. Stock Futures / Equity Perpetuals:** These are derivative contracts tracking a stock's price, allowing leveraged long/short positions 24/7, similar to crypto perpetuals. They offer high efficiency and flexibility but involve funding fees, which can be a significant long-term cost, especially during strong trends. Crucially, they confer no ownership rights (dividends, voting) to the holder. **3. Broker-Direct Model:** This model provides access to real securities via licensed broker-dealers. Stocks/ETFs are bought and held within the US clearing and custodial system (e.g., DTCC), making it the only path to genuine stock ownership. Users receive cash dividends and formal proxy voting rights (where applicable). It supports thousands of stocks and ETFs, far exceeding the coverage of the other two models. Key advantages include no funding fees, a clean cost structure for long-term holds, and the potential to transfer holdings to other brokers. Some platforms facilitate stablecoin (USDT/USDC) deposits, reducing reliance on traditional banking. A critical distinction exists *within* the broker-direct model: the underlying brokerage architecture (e.g., Fully Disclosed IB, Omnibus IB, Self-Clearing) determines how client assets are held, protected, and how safeguards like SIPC insurance are conveyed. Users should verify the specific clearing structure and regulatory compliance of any platform. In conclusion, "buying US stocks with USDT" can mean holding an on-chain economic proxy (Tokenized Stocks), trading a price derivative (Stock Futures), or owning the actual security (Broker-Direct). For users seeking full ownership rights and long-term investment, the broker-direct model is the definitive choice, though its implementation details require careful scrutiny.

marsbit06/01 04:32

How to Define "Real U.S. Stocks": Differences Between On-Chain Tokens, Price Contracts, and Direct Broker Connections

marsbit06/01 04:32

SEC Promotes Tokenized Stocks, Is the Traditional Finance Industry Starting to Worry?

The U.S. Securities and Exchange Commission (SEC) is preparing to formally release an "innovation exemption" framework this week. This framework would allow third parties to tokenize U.S. stocks like Apple and Tesla without approval from the listed companies. The move, rooted in a deregulatory vision proposed by pro-crypto commissioners earlier this year, could accelerate the migration of traditional stock markets to blockchain. This development poses a structural threat of "fragmentation" to traditional finance. Core concerns are liquidity fragmentation—where trading volume disperses across multiple blockchains and platforms, leading to price disparities and reduced market efficiency—and revenue fragmentation—where trading fees and intermediary income shift away from domestic exchanges to overseas or competing platforms. The report compares the traditional stock market to a monopolistic "supermarket." Tokenization enables countless "street stalls" to operate outside this system, threatening the exchange's dominance, diluting liquidity for large orders, and slicing into revenue streams. Evidence of this capital fragmentation is already emerging. On the same day the SEC signaled the framework, decentralized platform Hyperliquid saw its RWA (real-world asset) open interest hit a record $2.6 billion, driven by demand for 24/7 on-chain trading of traditional assets. Traditional institutions face a dilemma: either collaborate to build tokenization infrastructure proactively or lobby regulators to block innovation. Regulators must balance controlling the pace of innovation with preventing domestic revenue from being captured by offshore platforms. Key future battles will revolve around defining shareholder rights for tokenized assets and regulating platforms that have grown in regulatory gray areas. In the digital asset era, inaction risks the permanent loss of long-held fee monopolies and financial leadership as capital continues to disperse.

marsbit05/22 10:36

SEC Promotes Tokenized Stocks, Is the Traditional Finance Industry Starting to Worry?

marsbit05/22 10:36

Financial Changes under the New SEC Rules: Opportunities and Regulatory Red Lines Behind "Tokenized Stocks"

The article discusses the emergence of "Tokenized Stocks" following the U.S. SEC's proposed "innovation exemption" framework, which could allow some assets to be traded on blockchain. It clarifies key misconceptions for investors, particularly those in China. Firstly, it emphasizes that most "tokenized stocks" currently offered by third-party crypto platforms are synthetic assets, not actual equity. Purchasers do not gain shareholder rights like dividends or voting; instead, they hold a derivative contract dependent on the issuing platform's credit and its ability to track the underlying stock's price. The article examines the risks of 24/7 trading, a major selling point. It notes the absence of circuit breakers, which could lead to sudden, unrecoverable losses during off-hours market shocks. It also warns of liquidity traps and high volatility due to the market's currently small size. It reveals that the primary drivers are institutional players like BlackRock and JPMorgan, who are focused on using blockchain for efficiency gains in areas like treasury settlements (T+0), not retail speculation. For Chinese readers, it strongly cautions that platforms offering "easy" access to U.S. stocks via tokens with RMB likely violate strict domestic regulations on cross-border securities and virtual currencies, offering no legal protection. The conclusion offers practical advice: use legal channels like QDII for long-term investment, be wary of high-return promises, monitor evolving regulations like the U.S. CLARITY Act, and prioritize compliance and risk management over chasing innovation. The SEC's move is framed as a strategic experiment in financial tech leadership, but for individual investors, understanding the risks and regulatory boundaries is paramount.

链捕手05/22 05:42

Financial Changes under the New SEC Rules: Opportunities and Regulatory Red Lines Behind "Tokenized Stocks"

链捕手05/22 05:42

Why is HYPE Still Surging? Has it Peaked?

The article analyzes the reasons behind the recent sharp rise of the HYPE token. It attributes the price surge to several key developments that are causing the market to re-evaluate Hyperliquid, transitioning its perception from just a high-performance perpetual DEX to a broader on-chain trading system. Major catalysts include the launch of HYPE ETFs by 21Shares (THYP) and Bitwise (BHYP), which are opening new compliant capital channels. Bitwise's plan to allocate 10% of BHYP's management fee revenue to buy and stake HYPE is seen as a potential source of sustained buying pressure. The return of USDC to the platform, facilitated by Coinbase and Circle, is projected to generate a new, stable revenue stream for Hyperliquid from reserve yields, estimated to potentially fund daily HYPE buybacks worth over $400,000. Furthermore, Hyperliquid is expanding into new areas like prediction markets with HIP-4 (which requires significant HYPE staking) and Real-World Assets (RWA), where its Open Interest has hit a record $2.6 billion. A potential U.S. SEC exemption for tokenized stock trading could further boost its RWA business. While these fundamentals strengthen HYPE's long-term value proposition, the article notes that short-term price action is currently influenced by a large-scale showdown between whale long and short positions exceeding $60 million, making near-term direction uncertain.

Odaily星球日报05/20 01:31

Why is HYPE Still Surging? Has it Peaked?

Odaily星球日报05/20 01:31

SEC Issues Licenses for 'Wild Tokenized Stocks': A Revolution Where Listed Companies Are Stripped of Veto Power

The US SEC is reportedly set to release an "Innovation Exemption" framework, potentially allowing tokenized versions of publicly traded stocks (like Tesla or Apple) to be issued and traded on-chain without the consent of the underlying companies. This marks a significant shift from the controversy in July 2025, when Robinhood faced backlash for offering tokens linked to unlisted companies like OpenAI without their approval. The SEC's move likely legitimizes two tokenization models: "custodied certificates" where a third-party custodian holds the actual stock, and "synthetic" derivatives tracking stock prices—both operating without issuer permission. This could benefit on-chain brokers, DEXs, and RWA protocols by enabling 24/7 global trading, while concerning listed companies who lose control over secondary markets and traditional intermediaries like the DTCC. Key unresolved questions remain, such as investor eligibility (retail vs. accredited), cross-border regulatory alignment with frameworks like MiCA, legal protections for issuers if sued, and whether the 12-36 month sandbox will become permanent. This development could accelerate the migration of the world's largest asset class onto blockchain, fundamentally rewriting equity trading paradigms, though real liquidity for tokenized stocks has so far been limited.

marsbit05/19 01:37

SEC Issues Licenses for 'Wild Tokenized Stocks': A Revolution Where Listed Companies Are Stripped of Veto Power

marsbit05/19 01:37

Coinlocally Lists Tesla, Amazon, Apple, More Tokenized Stock Pairs, Launches Zero-Fee Trading Campaign

Coinlocally has expanded its trading platform by listing 10 new tokenized stock pairs, including major companies like Tesla, Amazon, Apple, NVIDIA, and Alphabet. From April 14 until May 14, 2026, users can trade these tokenized stocks—such as TSLAX, AAPLX, and AMZNX—against USDT with zero fees. The move is part of a growing trend in tokenized real-world assets, which now exceed $26 billion in on-chain value. According to COO Sam Baumann, the zero-fee campaign aims to make these products more accessible. The listings align with Coinlocally’s strategy of blending traditional market exposure with digital asset trading, offering users a seamless way to access tokenized equities within its existing ecosystem.

TheNewsCrypto04/22 07:03

Coinlocally Lists Tesla, Amazon, Apple, More Tokenized Stock Pairs, Launches Zero-Fee Trading Campaign

TheNewsCrypto04/22 07:03

Deutsche Börse Invests $200 Million in Kraken, Valuation Drops 30% from Last Year

Kraken co-CEO Arjun Sethi confirmed at the Semafor World Economy Conference that the crypto exchange has confidentially filed for an IPO. The announcement came alongside a $200 million investment from Deutsche Börse, which acquired a 1.5% stake in Kraken’s parent company Payward, implying a valuation of $13.3 billion — a 33% decrease from its $20 billion valuation in November 2025. Kraken initially submitted its draft S-1 to the SEC a day after its previous funding round, which included backing from Citadel Securities, Jane Street, and DRW Venture Capital. The exchange has not disclosed IPO size or pricing, stating it will finalize terms after regulatory review and market stabilization. The investment deepens a commercial collaboration announced in December 2025, focusing on integrating Kraken’s xStocks tokenized stock platform into Deutsche Börse’s digital asset infrastructure. Kraken has expanded aggressively, launching CME futures trading in October 2025 and reaching over $10 billion in xStocks trading volume by November. Regulatory conditions have also improved, with the SEC dropping its lawsuit against Kraken in March 2025.

marsbit04/15 06:52

Deutsche Börse Invests $200 Million in Kraken, Valuation Drops 30% from Last Year

marsbit04/15 06:52

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