Robinhood、代幣化股票和歐盟投資者：准入的新時代？

Robinhood 向歐盟投資者擴大了其代幣化股票發行，加入了將傳統資產引入區塊鏈的日益增長的趨勢。這對金融的未來意味著什麼？

Robinhood, Tokenized Stocks, and EU Investors: A New Era of Access?

Robinhood、代幣化股票和歐盟投資者：准入的新時代？

Robinhood's expansion of tokenized stock offerings to EU investors signals a significant shift. European investors now have access to nearly 500 tokenized U.S. stocks and ETFs, blurring the lines between traditional finance and the crypto world.

Robinhood 向歐盟投資者擴大代幣化股票發行標誌著一個重大轉變。歐洲投資者現在可以投資近 500 只代幣化的美國股票和 ETF，模糊了傳統金融和加密世界之間的界限。

Robinhood's Expanding Tokenized Universe

Robinhood 不斷擴大的代幣化宇宙

Robinhood's move to offer almost 500 tokenized U.S. stocks and ETFs to European Union investors is a big deal. These tokens mirror the prices of popular U.S. equities, letting EU folks get a piece of the American market without all the usual hassle. Since launching its Arbitrum-based network in June, Robinhood has more than doubled its tokenized offerings, showing that demand is definitely there.

Robinhood 向歐盟投資者提供近 500 只代幣化美國股票和 ETF 的舉動是一件大事。這些代幣反映了流行的美國股票的價格，讓歐盟人士可以輕鬆進入美國市場。自 6 月份推出基於 Arbitrum 的網絡以來，Robinhood 的代幣化產品數量增加了一倍多，這表明需求確實存在。

How It Works (and Why It Matters)

它是如何工作的（以及為什麼它很重要）

These aren't actual shares, mind you, but blockchain-based derivatives that track the price of U.S. securities. Think of them like contracts that mirror the stock's performance. Robinhood says they're fully backed by real shares held by a U.S. custodian. The cool part? EU customers can trade these tokens commission-free (with a tiny forex fee), 24/5, and can start with as little as €1. Plus, they even get dividends paid out in the app.

請注意，這些不是實際的股票，而是跟踪美國證券價格的基於區塊鏈的衍生品。將它們視為反映股票表現的合同。羅賓漢表示，他們得到了美國託管人持有的真實股票的全力支持。最酷的部分？歐盟客戶可以 24/5 免佣金（只需支付少量外匯費用）交易這些代幣，起始費用低至 1 歐元。另外，他們甚至可以在應用程序中獲得股息。

Regulatory Hurdles and Competitive Landscape

監管障礙和競爭格局

Of course, regulators are watching closely. The Bank of Lithuania even asked Robinhood for some clarification on how these tokens are structured and how they comply with regulations. Robinhood maintains they're MiFID II compliant and welcomes the review. They're playing by the rules, unlike some past attempts at tokenized stocks. And they aren't the only player in the game, Ondo Global Markets has also entered the space, partnering with Blockchain.com to offer tokenized U.S. stocks to non-U.S. wallet holders. Gemini and Kraken are also getting in on the action. The race to tokenize the world is on!

當然，監管機構正在密切關注。立陶宛銀行甚至要求 Robinhood 澄清這些代幣的結構以及它們如何遵守法規。 Robinhood 堅稱其符合 MiFID II 要求，並歡迎審查。與過去一些代幣化股票的嘗試不同，他們遵守規則。他們並不是這個遊戲中唯一的參與者，Ondo Global Markets 也進入了這個領域，與 Blockchain.com 合作，向非美國錢包持有者提供代幣化的美國股票。 Gemini 和 Kraken 也參與其中。世界代幣化的競賽已經開始！

My Take: A Democratizing Force (With Caveats)

我的看法：民主化力量（有警告）

Tokenized stocks have the potential to democratize investing, granting access to markets previously out of reach for many. The ability to invest small amounts, trade around the clock, and potentially bypass traditional brokerage fees is attractive. However, it's crucial to acknowledge the risks. These are derivatives, not direct ownership, and regulatory oversight is still evolving. For example, the recent warning from OpenAI about its tokenization highlights the sensitivities around tokenizing illiquid assets. Investors need to be aware of what they're getting into and not be blinded by the hype.

代幣化股票有可能使投資民主化，讓許多人能夠進入以前無法進入的市場。小額投資、全天候交易以及可能繞過傳統經紀費用的能力非常有吸引力。然而，承認風險至關重要。這些是衍生品，而不是直接所有權，監管仍在不斷發展。例如，OpenAI 最近對其代幣化發出的警告凸顯了非流動資產代幣化的敏感性。投資者需要意識到他們正在進入什麼領域，不要被炒作蒙蔽了雙眼。

The Future is Tokenized (Maybe)

未來是代幣化的（也許）

Whether tokenized stocks become the norm remains to be seen. Robinhood's expansion, and the moves of other major players, suggests that this trend is more than just a flash in the pan. As regulations become clearer and technology improves, the appeal of on-chain equities will likely grow. Who knows, maybe one day we'll all be trading tokenized assets from our crypto wallets. Until then, buckle up and enjoy the ride!

代幣化股票是否成為常態還有待觀察。羅賓漢的擴張以及其他主要參與者的舉動表明，這種趨勢不僅僅是曇花一現。隨著法規變得更加清晰和技術進步，鏈上股票的吸引力可能會增加。誰知道呢，也許有一天我們都會從我們的加密錢包中交易代幣化資產。在那之前，請係好安全帶，享受旅程！