Lately, scrolling Twitter feels especially obvious, exchanges, KOLs, retail investors,
The topics being discussed are converging in the same direction: tokenized US stocks, gold, and oil.
Previously, these things had little to do with on-chain users; to buy Nvidia you needed a US stock account, to get gold you had to go to a bank or futures platform. Now you can trade them just by opening your wallet.
But now the wind has changed,
The US SEC approved Nasdaq's framework
Binance, holding an Abu Dhabi license, has relaunched tokenized stocks
MetaMask (the 'little fox' wallet) can directly buy Nvidia and Tesla
The established asset manager Franklin Templeton has moved its own funds onto the chain
Exchanges are pushing, asset managers are pushing, wallets are pushing, retail investors are both pushing and being pushed
Ondo has listed over 200 US stocks and ETFs; in Q1 tokenized stocks just surpassed $1 billion
It may not sound like much, but consider that in 2022 the entire RWA on-chain was only $5 billion, and by the end of last year it was $36 billion—tripling sevenfold in three years. Tokenized stocks at this stage are reminiscent of on-chain sovereign bonds from early 2023
Today I tried deBridge, and tokenized US stocks like NVIDIA, Tesla, Apple can already be cross-chain traded; 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 simultaneously on a cross-chain bridge, you suddenly realize one thing: the wall between Crypto and traditional finance has already disappeared in terms of trading experience.
Finally, I hold $DRB
