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Recently, the feeling of pushing on social media has become especially obvious. Exchanges, KOLs, retail investors—
the topics of discussion are converging in the same direction: tokenized US stocks, gold, and crude oil.
In the past, these things had little to do with on-chain users. To buy Nvidia, you needed to open a US stock account;
to touch gold, you had to go to a bank or futures platform. Now, you can trade directly from your wallet.
But now the trend has shifted,
The US SEC has approved Nasdaq’s framework,
Binance has obtained a license in Abu Dhabi and reintroduced tokenized stocks,
MetaMask wallet now allows direct purchase of Nvidia and Tesla stocks,
Old-school asset manager Franklin Templeton has moved its funds onto the chain.
Exchanges are making efforts, asset management is making efforts, wallets are making efforts, retail investors are making efforts and being empowered.
Ondo has listed over 200 US stocks and ETFs, and in Q1, the total tokenized stocks just surpassed $1 billion.
It doesn’t sound like much, but think about it—back in 2022, the entire RWA on-chain was only $5 billion; by the end of last year, it reached $36 billion, a sevenfold increase in three years. The current stage of tokenized stocks is very similar to the on-chain government bonds at the beginning of 2023.
Today, I tried on deBridge, and tokenized US stocks like NVIDIA, Tesla, and Apple can now be cross-chain traded, and gold and silver are also supported. For a cross-chain bridge, this category coverage is already very advanced.
Honestly, when you realize you can trade Nvidia stock and on-chain gold on the same cross-chain bridge, you suddenly realize one thing: the wall between crypto and traditional finance, in terms of trading experience, is no longer there.
Finally, I hold $SIREN