According to The Information, a new wave is emerging in the cryptocurrency industry as a number of major crypto exchange , including Binance and OKX, are reportedly researching or have made significant progress in plans to issue Tokenize US stocks . The goal of these products is to allow global users to access the price fluctuations of US stocks through Token issued and traded directly on the blockchain infrastructure, instead of participating in the traditional stock market.
In the current climate, demand for US stocks remains very high, especially from investors outside the US – who face numerous legal hurdles, complicated account opening procedures, and limited access to domestic stock exchanges. Tokenize stocks is XEM as an attractive solution, as investors can simply use a crypto wallet to hold assets reflecting the value of major stocks like Apple, Tesla, or US stock indices, with 24/7 trading capabilities and greater liquidation .
