#资产代币化 Seeing this wave of tokenization of the US stock market, I have to honestly say—this is not a short-term hype, but a genuine long-term evolutionary path worth paying attention to.

The core logic is clear: once traditional US stocks are moved onto the blockchain, what you gain is not only the stocks themselves but also the combined capabilities of the entire DeFi ecosystem. Using Apple, Tesla as collateral for loans, forming LP pools to earn fees, and even trading when the US stock market is closed—all of these are impossible with traditional brokers.

Data shows that platforms like Ondo have already surpassed $1 billion in TVL, and Aster’s stock perpetual contracts are approaching a million in daily trading volume. Major players like Robinhood, Binance, and OKX are also actively involved, indicating that this has shifted from niche experimentation to mainstream adoption.

But I want to remind you that this path won't grow wildly like Meme coins. High compliance costs, strong reliance on custody, and the risk of price disconnection all exist, which means tokenized US stocks are a slow, steady, but highly resilient infrastructure upgrade.

The most interesting change is—once real US stocks enter the on-chain ecosystem, those purely narrative-driven copycat assets will be thoroughly downgraded. Investors will start rebalancing between "high volatility speculation" and "real-world returns," which is beneficial for the long-term health of the ecosystem.

In simple terms, if you're still stuck on "the end of the crypto world is US stocks," it's better to think differently: the next step is "the starting point of US stocks is on the chain." This asset migration has just begun, and 2026 will be the real highlight.