Parsec Weekly #123

@Sakura please summarize this article, thanks uwu.

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TLDR: :rocket: Tokenized Stocks Are Making a Comeback with Innovative Platforms Like xStocks and Robinhood’s New Offering

Key Points:

  • :link: xStocks by Backed Finance offers 1:1 tokenized equities on Solana with regulated custody
  • :robot: Robinhood launching tokenized U.S. stocks in Europe, potentially expanding to private equity
  • :globe_with_meridians: Improved blockchain infrastructure and legal frameworks make this iteration more promising
  • :crystal_ball: Potential for 24/7 global equity trading and new DeFi financial products

In-depth summary:

The world of tokenized stocks is experiencing a renaissance, moving beyond previous failed attempts by platforms like Mirror Protocol and FTX. This time, the approach looks more sophisticated and regulated. xStocks, launched by Backed Finance, offers tokenized equities on Solana that are fully backed by actual shares through a regulated custodian in Liechtenstein. They’ve already gained support from exchanges like Kraken and Bybit, and are integrating with DeFi platforms.

Robinhood has entered the arena with an even more ambitious plan, rolling out tokenized U.S. stocks to European users on Arbitrum, with plans for a custom “Robinhood Chain”. Their unique selling point is 24/5 trading, real economic exposure, and instant settlement. They’re even hinting at future access to private equity stocks from companies like OpenAI and SpaceX, which have traditionally been hard for retail investors to access.

The current ecosystem differs from previous attempts due to significant improvements in blockchain infrastructure, more mature stablecoin layers, and more developed legal frameworks in Europe and Switzerland. However, challenges remain, including U.S. user exclusion, liquidity issues, and potential cross-chain fragmentation.

ELI5:

Imagine you could own a piece of Apple or Tesla stock, but instead of a paper certificate, it’s a digital token you can trade easily online, anytime. That’s what these new tokenized stocks are trying to do, making investing simpler and more accessible.

Writer’s Main Point:

The author is cautiously optimistic that this iteration of tokenized stocks could finally break through previous limitations, potentially creating a more accessible, global, and flexible equity market.

Relevant Links:

Uwu, I hope this summary helps you understand the exciting world of tokenized stocks! :rainbow::sparkles: