Binance Web3 Wallet:
https://web3.binance.com/referral?ref=VIP19
佛文BTC
--
The US stock market on-chain was envisioned a long time ago, that any traditional product could be tokenized.
But recently, it seems to me that the focus of everyone's discussion has shifted a bit.
Many people are fixated on 'no need for real-name registration' and 'can avoid taxes', but the value of on-chain US stocks has never been here.
It is not meant to replace US stocks, but to bring 'US stock prices' into a more free system.
I think the coolest part is that it can be used as DeFi collateral, which traditional brokers can never achieve.
Binance Web3 Wallet:
https://web3.binance.com/referral?ref=VIP19
In the future, on-chain US stocks can be used as collateral to borrow U, for wealth management, automated strategies, and various arbitrage opportunities.
This will change some of the flow paths of capital.
It can also be transferred or gifted like U, which is almost impossible in traditional markets.
You send an Apple stock red envelope to someone, and your friend receives a stock red envelope. In a group, you can raffle off NVDA, and family members can directly transfer stocks.
Just like the current token play.
You can also engage in US stock perpetual contracts at 100x…
Anyone globally can enter the on-chain US stock system,
without opening an account, without a bank, without identity, without capital controls.
You only need a wallet. This is a potential 'incremental market'.
But to be realistic, most people entering the crypto space are definitely not doing it to buy US stocks.
In several past bull markets, the profit margins in the crypto market were huge, and taking risks was 'worth it'.
Now, the risks are still considerable, yet one must take these risks to buy an on-chain version of 'US stocks',
where returns, volatility, and storytelling have all become traditionalized, making it actually less appealing for newcomers.
There are also wallet management, deposits and withdrawals, on-chain operations…
which may even discourage many ordinary people.
The value of on-chain US stocks does not lie in 'how much they resemble stocks', but in how they have become a more useful asset component.
For example, composable, collateralizable, automatable, transferable, and global.
In traditional finance, US stocks are a type of 'product'. In the on-chain world, US stocks become 'LEGO bricks'.
There are too many things to assemble, and many plays have yet to be invented.
The entire track is still very early, with regulatory aspects and asset security being very uncertain.
However, if you are optimistic about this direction, companies like HOOD, ONDO, etc., can be added to your watchlist.
But recently, it seems to me that the focus of everyone's discussion has shifted a bit.
Many people are fixated on 'no need for real-name registration' and 'can avoid taxes', but the value of on-chain US stocks has never been here.
It is not meant to replace US stocks, but to bring 'US stock prices' into a more free system.
I think the coolest part is that it can be used as DeFi collateral, which traditional brokers can never achieve.
Binance Web3 Wallet:
https://web3.binance.com/referral?ref=VIP19
In the future, on-chain US stocks can be used as collateral to borrow U, for wealth management, automated strategies, and various arbitrage opportunities.
This will change some of the flow paths of capital.
It can also be transferred or gifted like U, which is almost impossible in traditional markets.
You send an Apple stock red envelope to someone, and your friend receives a stock red envelope. In a group, you can raffle off NVDA, and family members can directly transfer stocks.
Just like the current token play.
You can also engage in US stock perpetual contracts at 100x…
Anyone globally can enter the on-chain US stock system,
without opening an account, without a bank, without identity, without capital controls.
You only need a wallet. This is a potential 'incremental market'.
But to be realistic, most people entering the crypto space are definitely not doing it to buy US stocks.
In several past bull markets, the profit margins in the crypto market were huge, and taking risks was 'worth it'.
Now, the risks are still considerable, yet one must take these risks to buy an on-chain version of 'US stocks',
where returns, volatility, and storytelling have all become traditionalized, making it actually less appealing for newcomers.
There are also wallet management, deposits and withdrawals, on-chain operations…
which may even discourage many ordinary people.
The value of on-chain US stocks does not lie in 'how much they resemble stocks', but in how they have become a more useful asset component.
For example, composable, collateralizable, automatable, transferable, and global.
In traditional finance, US stocks are a type of 'product'. In the on-chain world, US stocks become 'LEGO bricks'.
There are too many things to assemble, and many plays have yet to be invented.
The entire track is still very early, with regulatory aspects and asset security being very uncertain.
However, if you are optimistic about this direction, companies like HOOD, ONDO, etc., can be added to your watchlist.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
102
0