# Сопутствующие статьи по теме Tokenization

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

From 'Punishment' to 'Acceptance': SEC's 2% Discount Tears Open Compliance Gap for Stablecoins

This article discusses a significant policy shift by the U.S. SEC regarding the capital treatment of payment stablecoins held by broker-dealers. On February 19, the SEC’s Division of Trading and Markets issued new guidance allowing broker-dealers to apply a 2% discount—rather than a punitive 100% haircut—to certain stablecoin holdings when calculating net capital requirements. This change aligns stablecoins with money market funds and other low-risk assets, making it financially viable for regulated entities to hold and use them. The move is seen as a major step toward integrating digital assets into mainstream finance. It follows the passage of the GENIUS Act in July 2025, which established a federal regulatory framework for payment stablecoins. The SEC’s guidance is designed to bridge the gap between existing rules and the new law, enabling broker-dealers to use stablecoins for settlement, trading, and tokenized securities without excessive capital penalties. The author highlights that this shift is part of a broader effort by the SEC to move away from enforcement-heavy regulation under former Chair Gary Gensler and toward a more structured, inclusive approach. The change is expected to encourage more institutional participation, improve liquidity, and support the use of stablecoins in cross-border payments and financial inclusion. However, challenges remain, including ongoing tensions between federal and state regulators and pending legislation to clarify the classification of digital assets. The 2% discount symbolizes a meaningful step toward recognizing stablecoins as legitimate financial tools within the U.S. regulatory system.

比推02/21 15:34

From 'Punishment' to 'Acceptance': SEC's 2% Discount Tears Open Compliance Gap for Stablecoins

比推02/21 15:34

Crypto Is Not Dead, Crypto Is Reborn

Cryptocurrency is evolving to serve fundamental human impulses that have persisted for millennia: speculation, ownership, and value transfer. Historically, humans have always sought to wager on uncertain outcomes, from ancient dice games to modern financial markets. Traditional finance built complex, restrictive systems around these impulses, but crypto is removing friction and gatekeeping. Platforms like Hyperliquid demonstrate this by processing 2% of global silver trading volume in a month via a decentralized, permissionless protocol—attracting users who desired exposure but were hindered by traditional infrastructure. Prediction markets like Polymarket and Kalshi monetize opinions and are gaining mainstream traction through partnerships with major media outlets and platforms like Robinhood. Beyond speculation, crypto addresses the need for ownership through tokenization of real-world assets (RWA), like U.S. Treasuries and gold, making them globally accessible and programmable. BlackRock’s move to trade its tokenized treasury fund on Uniswap signals institutional recognition of this infrastructure. Stablecoins, meanwhile, have found product-market fit in countries with weak currencies, enabling everyday transactions where traditional systems fail. Despite price volatility and past failures, crypto’s underlying infrastructure is becoming invisible yet essential—fulfilling ancient human desires to speculate, transfer value, and assert ownership without traditional barriers. The technology is maturing by eliminating friction, expanding access, and embedding itself into the fabric of global finance.

比推02/19 19:47

Crypto Is Not Dead, Crypto Is Reborn

比推02/19 19:47

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