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CITIC Securities: Tokenization of US Stocks Surges, Brokerage IT Transformation Demand Expected to Accelerate
Summary: In breaking news, CITIC Securities research report points out that the tokenization of US stocks is experiencing a concentrated surge, with Bybit, Robinhood, and Kraken all announcing the launch of US stock tokenization services on the same day; XBIT, in partnership with xStocks, is set to disrupt the industry with a 'buy coins directly into ...
In breaking news, CITIC Securities research report points out that the tokenization of US stocks is experiencing a concentrated surge, with Bybit, Robinhood, and Kraken all announcing the launch of US stock tokenization services on the same day; XBIT, in partnership with xStocks, is set to disrupt the industry with a 'buy coins directly into US stocks' model that does not require KYC, intensifying competition in the virtual asset trading service market. Hong Kong is actively building a global digital asset innovation center, with over 41 brokerages completing the upgrade to license No. 1 and actively expanding virtual asset trading services. Virtual asset trading services, as an incremental business, may see more Hong Kong brokerages follow suit, potentially bringing over 10 billion IT transformation demand. At the same time, as a pioneer of RWA, the tokenization of US stocks provides crucial reference and driving force for the continuous deepening and implementation of the entire RWA ecosystem in terms of compliance regulation, market expansion, and infrastructure development. (Sina Finance)
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Link: CITIC Securities: Tokenization of US Stocks Surges, Brokerage IT Transformation Demand Expected to Accelerate [Copy]
