Viewpoint: The SEC plans to allow third-party tokenized stocks, which may lead to dual fragmentation of liquidity and revenue for traditional exchanges

By: rootdata|2026/05/23 04:45:01
0
Partager
copy

Ryan Yoon, directeur de recherche chez Tiger Research, a déclaré que la Securities and Exchange Commission (SEC) des États-Unis s'apprête à lancer un cadre d'« exemption pour l'innovation » permettant à des tiers de tokeniser des actions cotées sans l'approbation de l'émetteur.

Ryan Yoon a averti que cette mesure pourrait causer deux chocs structurels majeurs aux bourses traditionnelles : premièrement, une fragmentation de la liquidité, car les fonds se disperseront des bourses centralisées vers de multiples plateformes blockchain ; deuxièmement, une fragmentation des revenus, car les frais de transaction et les revenus d'intermédiation pourraient être captés par des plateformes étrangères ou concurrentes, menaçant la compétitivité de la finance américaine.

Il estime que les bourses traditionnelles sont comparables à des supermarchés monopolistiques, tandis que les actions tokenisées s'apparentent à permettre à quiconque d'installer un étal de rue, ce qui modifiera considérablement la concentration des marchés financiers. La SEC fait avancer ce cadre à ce moment précis afin de maintenir les revenus financiers mondiaux dans le champ de la réglementation nationale.

Prix de --

--

Vous pourriez aussi aimer

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people

The wage earners freeze to death on the road, the sellers of goods die of thirst on the way. The weavers of brocade wear coarse cloth, and the grain growers do not have enough to eat.

Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business

Overview of Important Market Events on May 21

Insiders: DeepSeek is forming a Harness team to compete with Claude Code

DeepSeek Code is coming.

SpaceX officially submitted its prospectus, unveiling the largest IPO in history

SpaceX's public market debut could take place as early as June, making it the first in a series of giant IPOs from AI companies, with OpenAI and Anthropic also waiting for the right moment.

The financial changes under the new SEC regulations: Opportunities and regulatory red lines behind "tokenized stocks"

In-depth analysis of "tokenized stocks": The SEC's advancement of an innovation exemption framework has sparked heated discussions, revealing the real risks behind third-party "synthetic asset" certificates and 24/7 trading.

Blockchain Capital Partner: The structure of on-chain dual-layer capital is still in the early stages of value discovery

How can the on-chain economy build a capital structure that promotes open innovation while also considering institutional scale?

Contenu

Cryptos populaires

Dernières actus crypto

Lire plus
iconiconiconiconiconicon
Assistance client:@weikecs
Collaborations commerciales:@weikecs
Trading quantitatif/Market makers:bd@weex.com
Programme VIP:support@weex.com