#美股代币化 US Stock Tokenization is a trading model that converts traditional stocks into digital tokens through blockchain technology. For example, one token represents 0.01 shares of Apple or Tesla stock, supporting 24/7 trading and small investments. Its core advantages lie in breaking through traditional trading time and geographical restrictions, lowering investment thresholds, and achieving real-time settlement through smart contracts, enhancing liquidity. Current mainstream models include actual stock custody types (such as Robinhood) and synthetic derivative types (such as the early Mirror Protocol), with the former being favored for its compliance. The US SEC is gradually advancing a regulatory framework, and platforms like Coinbase have applied for compliance pilot programs. Despite issues such as price anchoring failure, cross-chain arbitrage risks, and the absence of shareholder rights, this field is seen as an important direction in the RWA (Real World Asset) track, with McKinsey predicting that the relevant market size could reach $2 trillion by 2030.