The next revolution in the crypto market: How will tokenized US stocks shape the future financial landscape?
As the cryptocurrency market continues to evolve, tokenized assets have once again become the new focus of the capital market. Recently, the American brokerage firm Robinhood launched tokenized products for over 200 US stocks and ETFs, choosing to issue them on Ethereum Layer 2's Arbitrum. This move undoubtedly heightened market interest in tokenized US stocks and built a bridge between cryptocurrency and traditional finance. However, the arrival of tokenized US stocks is not without challenges; historical attempts have not lasted long. What is different about this wave of tokenization? From regulatory compliance to market demand, can this emerging market overcome the difficulties faced by early projects and become the mainstream of the digital asset industry?
Robinhood opens a new chapter for tokenized US stocks.
Robinhood, the American retail brokerage platform established in 2013, recently launched over 200 tokenized products for US stocks and ETFs through its partnership with the European trading platform Bitstamp. These assets are deployed on the Ethereum Layer 2 network Arbitrum, allowing users to purchase tokens that are one-to-one pegged to real stocks, enjoying 24/5 free trading and on-chain transfer features. Importantly, users holding these tokenized stocks will receive dividend payouts without having to pay traditional stock trading commissions, undoubtedly providing investors with a lower-cost, more efficient investment experience.
Compared to traditional stock markets, tokenized stocks not only break through the limitations of time and space but also offer higher liquidity and transparency. However, the maturation and widespread adoption of this innovative model still face multiple challenges, including regulatory environments, technical support, and market demand.
Multiple participants: Backed, Kraken, and Gemini are all entering the tokenized US stock market.
Apart from Robinhood, Backed Finance has also launched its tokenized stock product xStocks, allowing users to trade over 60 tokenized stocks on platforms like Bybit and Kraken. Unlike Robinhood, Backed Finance's products facilitate trading through Solana and DeFi protocols, providing users with an on-chain stock trading experience. These products also promise one-to-one support for real stock assets and support 24/5 trading.
Additionally, Gemini launched tokenized stocks for MicroStrategy (MSTR) on June 27, 2025, deployed on Arbitrum, providing EU users with 24/7 trading. Although the products offered by Gemini are slightly different from those of Robinhood and Backed, they similarly provide investors with more efficient trading channels through on-chain technology.
As these crypto companies actively engage in the tokenized US stock market, attention towards this emerging field continues to rise. These companies are trying to address the pain points present in traditional stock trading markets through different technological solutions and market positioning, while promoting innovation within a compliant regulatory framework.
Challenges and opportunities of tokenized US stocks.
Although tokenized US stocks bring more efficient trading and lower transaction costs, current projects face a more complex regulatory environment compared to early tokenized stock projects like FTX and Binance. Previously, due to a lack of transparency and support from off-chain assets, the tokenized stock trading on FTX and Binance was quickly shut down under regulatory pressure. DeFi projects like Synthetix and Mirror Protocol attempted to issue synthetic stocks on-chain; although these efforts did not achieve widespread popularity, they provided important lessons for current tokenized US stocks.
Platforms like Robinhood have adopted a more cautious strategy, ensuring that each token can be pegged to real stock assets and proactively engaging in compliance operations, striving to promote the development of tokenized US stocks within a compliant framework. This provides investors with stronger trust guarantees and lays the foundation for future market expansion.
Future outlook: Can tokenized US stocks reshape the financial market?
According to reports from BCG and ADDX, the global RWA (real-world assets) market is expected to reach $16 trillion by 2030, with securities making up a significant portion. US stocks and ETFs are the most popular asset classes, and once tokenized on-chain, they will be widely adopted globally.
The biggest change that tokenized US stocks can bring is breaking the time and space limitations of the existing stock trading market, providing global investors with more flexible and transparent investment channels. As technology continues to mature and regulatory frameworks become clearer, tokenized stocks may become an important part of future crypto finance.
However, whether this transformation can be smoothly realized still faces many challenges. First, how to achieve regulatory compliance worldwide and ensure investor rights is key to the widespread adoption of tokenized US stocks. Secondly, the continued growth of market demand and the scalability of technology will also be core factors in whether tokenized US stocks can break through bottlenecks in the future.
New opportunities for tokenized US stocks.
The wave of tokenized US stocks is gradually forming and permeating the intersection of global cryptocurrency and traditional financial markets. From Robinhood to Backed Finance, and to platforms like Gemini, the market landscape for tokenized stocks is rapidly changing. For investors, tokenized US stocks are undoubtedly an attractive new investment opportunity.
As the market continues to develop and the regulatory environment gradually improves, tokenized US stocks may become an important part of future financial markets, redefining the rules of stock trading. Investors need to closely monitor developments in this field to seize future investment opportunities.
