Rethinking Stock Tokenization: A Financial Revolution Beyond the Crypto Perspective

In the Crypto industry, we often fall into a narrow way of thinking, always judging the value of things from the perspective of Crypto. However, when it comes to the topic of stock tokenization, we may need to break out of this inherent framework and change our mindset to view the issue.

The key issue is not whether Crypto needs stocks, but whether stocks may need the innovations brought by Crypto. Imagine if you were the CEO of a company about to go public, faced with two options: one is the traditional stock market, with limited trading hours and strict geographical restrictions; the other is an on-chain market that operates around the clock and is open globally. Which option is more attractive is self-evident.

On-chain markets not only provide longer trading hours and a broader user base but also endow stocks with new functionalities. For example, stock tokens can be used as collateral in lending protocols or integrated into various innovative financial products. These new applications not only enhance the utility of stocks but also increase their potential speculative value.

Although the attempts at stock tokenization in the past few years have not achieved significant success, the current market environment has undergone fundamental changes. With the entry of mainstream institutions, the improvement of the policy environment, and the maturation of market structures, stock tokenization is迎来新的发展机遇.

It is particularly noteworthy that some traditional financial giants are actively laying out their strategies in this field. They not only control substantial funds but also hold significant stock issuance rights and institutional client resources. For these giants, the on-chain financial market represents a rare opportunity for a shortcut.

On-chain finance has significant advantages compared to traditional financial systems. It not only greatly reduces operational costs and improves transaction efficiency but also maximizes capital utilization. By breaking the limitations of time, geography, and settlement speed, on-chain finance has the potential to elevate capital efficiency to unprecedented levels.

However, this financial revolution still faces many challenges, such as the equity issues of stock tokens, insufficient liquidity, and imperfect regulations. However, as more institutions participate and technological innovations emerge, these problems are expected to be gradually resolved.

For crypto practitioners, this trend brings new opportunities. Mainstream public chains that support smart contracts, such as Ethereum and Solana, as well as various on-chain financial protocols, may benefit from this. At the same time, innovative financial services focusing on stock tokens may also become a new direction for entrepreneurship.

In this ongoing financial revolution, Bitcoin will continue to maintain its unique position as a value anchor in the on-chain world and as digital gold. With the continuous expansion of the global money supply, the value potential of Bitcoin may be further highlighted.

This financial revolution is reshaping the market landscape as we know it. As industry participants, we should reflect on how to seize this historic opportunity.