Robinhood、代币化股票和欧盟投资者：准入的新时代？

Robinhood 向欧盟投资者扩大了其代币化股票发行，加入了将传统资产引入区块链的日益增长的趋势。这对金融的未来意味着什么？

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

Robinhood、代币化股票和欧盟投资者：准入的新时代？

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 向欧盟投资者扩大代币化股票发行标志着一个重大转变。欧洲投资者现在可以投资近 500 只代币化的美国股票和 ETF，模糊了传统金融和加密世界之间的界限。

Robinhood's Expanding Tokenized Universe

Robinhood 不断扩大的代币化宇宙

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 向欧盟投资者提供近 500 只代币化美国股票和 ETF 的举动是一件大事。这些代币反映了流行的美国股票的价格，让欧盟人士可以轻松进入美国市场。自 6 月份推出基于 Arbitrum 的网络以来，Robinhood 的代币化产品数量增加了一倍多，这表明需求确实存在。

How It Works (and Why It Matters)

它是如何工作的（以及为什么它很重要）

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.

请注意，这些不是实际的股票，而是跟踪美国证券价格的基于区块链的衍生品。将它们视为反映股票表现的合同。罗宾汉表示，他们得到了美国托管人持有的真实股票的全力支持。最酷的部分？欧盟客户可以 24/5 免佣金（只需支付少量外汇费用）交易这些代币，起始费用低至 1 欧元。另外，他们甚至可以在应用程序中获得股息。

Regulatory Hurdles and Competitive Landscape

监管障碍和竞争格局

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!

当然，监管机构正在密切关注。立陶宛银行甚至要求 Robinhood 澄清这些代币的结构以及它们如何遵守法规。 Robinhood 坚称其符合 MiFID II 要求，并欢迎审查。与过去一些代币化股票的尝试不同，他们遵守规则。他们并不是这个游戏中唯一的参与者，Ondo Global Markets 也进入了这个领域，与 Blockchain.com 合作，向非美国钱包持有者提供代币化的美国股票。 Gemini 和 Kraken 也参与其中。世界代币化的竞赛已经开始！

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.

代币化股票有可能使投资民主化，让许多人能够进入以前无法进入的市场。小额投资、全天候交易以及可能绕过传统经纪费用的能力非常有吸引力。然而，承认风险至关重要。这些是衍生品，而不是直接所有权，监管仍在不断发展。例如，OpenAI 最近对其代币化发出的警告凸显了非流动资产代币化的敏感性。投资者需要意识到他们正在进入什么领域，不要被炒作蒙蔽了双眼。

The Future is Tokenized (Maybe)

未来是代币化的（也许）

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!

代币化股票是否成为常态还有待观察。罗宾汉的扩张以及其他主要参与者的举动表明，这种趋势不仅仅是昙花一现。随着法规变得更加清晰和技术进步，链上股票的吸引力可能会增加。谁知道呢，也许有一天我们都会从我们的加密钱包中交易代币化资产。在那之前，请系好安全带，享受旅程！