Have not yet adoption in the crypto domain but supporters believe these products may fundamentally change how people participate in financial market investments. As Bitget analyst Lee pointed out:

"Tokenized stock products are increasingly sought after in the market, mainly due of to investors for-, more flexible traditional stock investment opportunities." MacPherson, co-founder and CEO of Phoenix Labs (developer of decentralized lending protocol Spark), stated that token>

"This technology enables round-financial the-izes global access, real-time settlement, and gives birth to entirely new financial application scenarios," MacPherson told Cryptonews, adding that these financial application scenarios can cover various financial products such as collateralized lending and automatic portfolio strategies, marking a new stage of integration and interconnectionedness between traditional finance and DeFi markets, ultimately forming a unified financial system.

But not everyone shares the same enthusiasm, at least not initially. Georgii Verbitskii, founder of DeFi service platform Tymio, is cautious about which assets crypto traders will favor. In an interview with Cryptonews, Verbitskii stated that for tokenized stocks to succeed, their listing strategy must be tailored to crypto investors' preferences, focusing on "trend-driven or non-correlated assets".

"Despite promising concepts, actual demand will greatly depend on the specific asset types listed on trading platforms," Verbitskii noted, ""High-volatility thematic stocks may be more favored by investors on crypto asset trading platforms." He added that stocks like GameStop, rather than traditional blue-chip stocks like NVIDIA or Microsoft, would be more attractive. The latter tend to have lower volatility, thus less appeal to crypto traders, while high volatility attracts more interest.

In recent years, crypto have tended to choose assets built around MEME culture or with speculative upside potential. For example, internet celebrity stock KOL Keith Gill (known as Roaring Kitty on Twitter and YouTube, DeepFxxingValue on Reddit's Wall Street Bets forum) rose to fame by making a bullish bet on GameStop, sparking trading enthusiasm among retail investors, including crypto investors.

In January 2021, GamegamStop's stock price surged 1600% due to Gill's social media posts, causing massive losses for hedge funds shorting the Texas-based video game retailer. This wave extended to internet celebrity stocks like AMC Entertainment and continued to spread to the crypto. Crypto created new internet celebrity tokens inspired by companies GameStop,, AMC and other companies.<1ized Targeting $250 : Facing Regulatory Challengespoint out krinto tokenized securities is move to bridge cryptocurrencies and traditional finance, but the key to its success lies in meeting regulatory requirements in regions where xStocks services are provided. The main reason for Binance's failure to launch tokenized stock products in 2021 was compliance issues, as it did not obtain a securities trading p.

Analysts suggest that tokenized stocks could become a regulatory time bomb in the absence of public trust. Kraken's collaboration with the regulated tokenization platform Backed Finance is precisely to proactively address such concerns. xStocks were designed from the ground up to address these regulatory challenges," co-founder Adam Levi replied to cryptemail p They are collateralized by underlying stocks at a 1:1 ratio, issued according to an EU EU prospectunderwriting compliant with MMiFID II, including comprehensive investor information clauses and and subject to a clear legal and regulatory framework. framework. This tokenized form meets institutional-grade standards," Levi added that the x'sStby Kraken fully comply with regulatory requirements in Jersey, Switzerland, and the EU.

<>believes the demand for tokenized stocks will "grow significantly over time". Levi predthat this sub-sector will follow the development trajectory of stablecoins, expecting market size to expand to $in the next few years. The infrastructure is ready, market demand is increasing, and the transformation is inevitable.<1ization of Real-World Assets

The crypto industry, once viewing regulation as heresy against Bitcoin, is now testing crypto companies' innovative capabilities within regulatory frameworks. Several companies have already begun offering tokenized security stock services.

Dubai's tokenized securities trading platform Allo has has completed $2.2 billion in real-world asset tokenization, covering 11,000 U.S. stocks and trading platform ETFs. Users can purchase on-of Bitcoin-heavy weight companies like MicroStrategy, Tesla, and Google.

律区块链技正在加速推动现实世世界资资产（RWA）的数字化进程，这一一趋势正在重塑金融生态系统。根据 BlockBeats 获得新，截至 2024 年 1 月W 月，全球 RWA 总市值已达 233 亿美元，同比增长超过 200%。

Blockchain technology is accelerating the digitprocess of real-world assets (RWA), a trend that is reshaping the financial ecosystem. According to the latest by BlockBeats, as of January 2024, the global RWA total market value has $23.3,3with a year-on-year growth of over 200%.