Three major models of US stock tokenization from Robinhood and xStocks: How to break through liquidity shortages and regulatory pressures?In the context of the US government loosening regulations and the rising narrative around RWA, tokenized stocks have rapidly emerged, with platforms or products such as Bybit, Robinhood, and xStocks quickly advancing. "On-chain trading of US stocks" has become a hot topic. This article will delve into various models of tokenized stocks today, review the lessons learned from the previous round of failures, analyze the current bottlenecks, and explore potential solutions for their future implementation.
(This article is compiled from Wu's Blockchain "The Explosion of Tokenization in US Stocks: Bybit, Robinhood, and Kraken Launch on the Same Day, the Biggest Narrative of This Cycle?", translated, supplemented, and compiled by Chain News)
3 + 1 mainstream models face off: from third-party issuance to brokerages creating their own chains
Currently, there are three main types of tokenized stock technologies and operational models in the market, each representing different regulatory strategies and product positioning. The fourth type is the author's addition of Ondo Fin.
ChainNewsAbmedia·2025-07-03 09:46