#Gate用户规模突破5900万 #AIP

U.S. stocks are being brought on-chain.
In 2026, the total market capitalization of tokenized real-world assets surpassed $60 billion. The tokenized U.S. Treasury market surged from $750 million in early 2024 to $15.3 billion in May 2026.

BlackRock’s tokenized money market fund BUIDL has surpassed $3 billion in assets. Franklin Templeton’s tokenized fund BENJI was approved by the SEC and is working with Ondo Finance to launch a tokenized ETF that can trade around the clock. Ondo has launched 438 tokenized U.S. stocks and ETFs, and teamed up with DTCC to launch the world’s first “digital twin” U.S. stock token, with participants including BlackRock, JPMorgan, Goldman Sachs, Nasdaq, and the New York Stock Exchange. Securitize’s assets under management in tokenized assets have reached $4 billion, and it is preparing to list on the New York Stock Exchange.
Wall Street is moving financial markets on-chain. But here’s the problem.
Traditional U.S. stock trading settles on T+2. If you buy on Monday, you cannot receive the shares until Wednesday. Markets are closed on weekends. If you see U.S. stocks surge and want to chase the move, by Monday’s opening, the rally may already be over. Your trading hours are restricted, your funds are locked up, and your decisions are delayed. Tokenized U.S. stocks solve the problem of bringing assets on-chain—with 24/7 trading and instant settlement. But the trading rules remain the same: order books, market makers, whale control, and information asymmetry. Apple is on-chain, Tesla is on-chain, and the S&P 500 is on-chain, but the way you trade them is still the Wall Street way. You are still competing against market makers and still racing against whales.

The AIP model emerged at this juncture. In the equity consignment pool, each transaction’s value is distributed among all order submitters according to the proportion of their order size to the total order size. It does not rely on market makers to provide depth or on order-book priority. Everyone shares the value of every transaction. Prices are driven by cumulative trading volume: the more trading, the higher the price; when there is no trading, the system automatically applies a discount, after which the price continues to rise.

Wall Street has moved assets on-chain, solving “what can be traded.” AIP solves “how to trade fairly.” When Apple, Tesla, and the S&P 500 circulate on-chain in tokenized form, do they need a set of rules that is unbiased toward everyone, or an old system full of arbitrage opportunities? As trillions of dollars in traditional assets complete their on-chain mapping, AIP is ready.

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