Yesterday, Coinbase announced plans to enter the stock token trading field, aiming to provide users with tokenized US stock services through blockchain technology. Meanwhile, Ondo Finance, in collaboration with several organizations including Solana, Jupiter, and 1inch, established the 'Global Market Alliance' to accelerate the on-chain integration of traditional stocks and to build compliance and liquidity standards for tokenized securities. Currently, more than ten exchanges and wallet platforms, including Bybit, have clearly expressed support for or are preparing for tokenized US stock services. Compared to traditional internet brokerage firms, cryptocurrency applications typically have lower registration and funding thresholds, which undoubtedly poses a new challenge to the traditional financial industry. The rise of the stock token market may reshape the investment landscape.