# Сопутствующие статьи по теме Settlement

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Settlement", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

When Nasdaq Starts 'Putting Stocks on the Chain', What Are We Really Welcoming?

Nasdaq is advancing a proposal to move U.S. stock settlement onto the blockchain, which could fundamentally reshape the infrastructure of American capital markets. This shift aims to replace the current slow, manual, and multi-layered clearing system with real-time, automated on-chain settlement. While many discussions focus on surface-level changes like 24/7 trading, the core transformation is structural: moving from outdated T+2 (or even T+1) settlement to instantaneous, programmable, and transparent ledger-based clearing. This isn’t about making stocks “more Web3” but modernizing a financial system that still relies on processes from the 1970s. The existing system—with its custodians, sub-custodians, and clearing intermediaries—creates operational friction, risk, and cost, as seen during events like the GameStop trading halts and the FTX collapse. On-chain settlement could reduce the need for traditional custodial roles, compress arbitrage opportunities built on settlement delays, and turn static securities into dynamic, composable financial instruments. The move faces significant resistance from entrenched intermediaries who profit from the current structure, but the direction of change appears inevitable. As demonstrated by Hong Kong’s recent issuance of a green bond settled in one second (versus five days), tokenization of traditional assets is becoming an operational reality—not a conceptual experiment. When stocks migrate on-chain, other assets like bonds and derivatives may follow, leading to a quiet but profound shift in how global markets function. This isn’t just a change in technology; it’s a change in the nature of finance itself.

cointelegraph_中文2 дня назад 10:33

When Nasdaq Starts 'Putting Stocks on the Chain', What Are We Really Welcoming?

cointelegraph_中文2 дня назад 10:33

Tokenized Deposits vs. Stablecoins: The Future of Finance is Not Replacement, but Integration

Tokenized deposits and stablecoins represent complementary, not competing, visions for the future of finance. Banks create money through fractional reserve lending, offering low-cost credit to large clients in exchange for deposits—tokenized deposits extend this on-chain but remain within the banking system’s regulatory and operational framework. Stablecoins, like USDC or USDT, function as permissionless, 24/7 cash-like instruments ideal for global settlements, especially in cross-border payments. The future lies in interoperability: corporations may hold tokenized deposits for credit benefits while using stablecoins for efficient, off-ledger transactions. Smart contracts enable complex, multi-party financial workflows beyond what traditional APIs offer. Rather than one replacing the other, both tokenized deposits (for banking-integrated credit) and stablecoins (for borderless liquidity) will coexist on-chain, enabling a more efficient and accessible financial system. The key is building bridges between these models, not choosing sides.

深潮9 ч. назад

Tokenized Deposits vs. Stablecoins: The Future of Finance is Not Replacement, but Integration

深潮9 ч. назад

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