投行分析师指 SEC 新规难改代币化股票需求低迷现状
深潮 TechFlow 消息，9 月 22 日，据 CoinDesk 报道，美国证券交易委员会（SEC）近日正式推行了针对代币化资产的“创新豁免权”，允许符合条件的平台开展代币化股票的交易与结算试点。此举被视为监管机构推动传统金融资产上链的重要一步，旨在通过分布式账本技术实现全天候交易与更高效的结算流程。尽管监管框架逐渐清晰，但市场反应却相对冷淡。报道称，某投资银行的分析师对这一新趋势持怀疑态度，指出目前在零售及机构层面，对于代币化股票的真实需求都极为匮乏。分析师认为，相较于复杂的合规成本和基础设施升级费用，现有的传统交易系统仍能满足大部分投资者的需求，导致投资者缺乏转向区块链平台的动力。除非未来能在降低成本和简化操作方面取得突破性进展，否则代币化股票的普及将面临严峻挑战。
Analysts: SEC's new rules won't fix tokenized stocks' demand problem
TechFlow, Sept 22 — CoinDesk reports the SEC has formally rolled out its 'innovation exemption' for tokenized assets, letting qualifying platforms pilot tokenized stock trading and settlement — a landmark step toward putting traditional financial assets onchain, enabling round-the-clock trading and more efficient settlement. Market reaction, though, has been cool: investment-bank analysts are skeptical, saying real demand for tokenized stocks is scarce among both retail and institutional investors. Given compliance costs and infrastructure upgrades, traditional systems still serve most investors well, leaving little incentive to move to blockchain rails; without breakthroughs in cost and simplicity, tokenized stock adoption faces serious headwinds.