#imf称代币化市场仍小且碎片化
After US stocks are put on-chain, how much price slippage do you have to pay when you want to sell?
Today I saw an IMF reminder: the tokenized market is still relatively small and fragmented, and liquidity still needs improvement...
“Fragmentation” sounds far away, but it’s actually related to every single transaction.
Tracking the same Google stock as an example: tokenized shares from different issuers on different chains may have different transfer restrictions and redemption conditions. Even if the names look similar, the buy/sell order books may not be shareable.
What’s even more worth paying attention to is after US stock market hours.
Products that support extended-hours trading do make things more convenient. But when the underlying stock market is closed, hedging and arbitrage may be harder. The price on the interface keeps moving doesn’t mean the quantity you want to sell can be filled at that price.
Small buys are smooth, but when selling large amounts, slippage becomes obvious—and it can absolutely happen.
To evaluate how well stock tokenization is doing, you can’t just count how many assets have been listed on-chain. You also need to look at the bid-ask spread, order book depth, and how redemption actually works.
For ordinary users, paying a little less slippage is more practical than just hearing a story about a “trillion-dollar market.”
We can discuss the outlook for RWA. Before placing an order, check how much your specific transaction will actually cost.
#RWA #资产代币化 #链上美股 $GOOGLB $AVGOB
After US stocks are put on-chain, how much price slippage do you have to pay when you want to sell?
Today I saw an IMF reminder: the tokenized market is still relatively small and fragmented, and liquidity still needs improvement...
“Fragmentation” sounds far away, but it’s actually related to every single transaction.
Tracking the same Google stock as an example: tokenized shares from different issuers on different chains may have different transfer restrictions and redemption conditions. Even if the names look similar, the buy/sell order books may not be shareable.
What’s even more worth paying attention to is after US stock market hours.
Products that support extended-hours trading do make things more convenient. But when the underlying stock market is closed, hedging and arbitrage may be harder. The price on the interface keeps moving doesn’t mean the quantity you want to sell can be filled at that price.
Small buys are smooth, but when selling large amounts, slippage becomes obvious—and it can absolutely happen.
To evaluate how well stock tokenization is doing, you can’t just count how many assets have been listed on-chain. You also need to look at the bid-ask spread, order book depth, and how redemption actually works.
For ordinary users, paying a little less slippage is more practical than just hearing a story about a “trillion-dollar market.”
We can discuss the outlook for RWA. Before placing an order, check how much your specific transaction will actually cost.
#RWA #资产代币化 #链上美股 $GOOGLB $AVGOB
