#SECTokenizedStocksPlan
Hey, have you been following this buzz around the SEC's potential plan for tokenized stocks?
It's kind of fascinating how things are shifting. Just a few months ago, reports came out that the SEC was working on rules to let blockchain registered shares trade on approved crypto platforms.
Imagine buying a fraction of Apple or Tesla stock right alongside your BTC, with near-instant settlement.
Binance Research even threw out this wild estimate:
if only 1% of global equities go on-chain,
$we're looking at a $1.3 trillion market.
They've already got partnerships rolling think Ondo bringing over 100 tokenized US stocks and ETFs into the Binance Wallet for millions of users.
Zero fees on some trades, 24/7 access.
Pretty compelling for global investors who hate traditional brokerage restrictions.
That said, not everyone's on board.
Traditional players like Citadel securities are pushing back hard worried about market disruption or unven regulations.
Fair point. Moving too fast here could introduce real risks, especially around custody and compliance.
And remember Binance's 2021 tokenized stocks?
Got shut down quick due to regulatory heat.
Still, with Nasdaq and Coinbase also in the race, it feels like tokenization is inching toward reality.
Could bridge TradFi and crypto in a big way.
What do you think game changer or overhyped?
Have you tried any tokenized equities yet?
