#贝莱德数字股票申请

The emergence of digital stocks: a revolution or just a brand trial? BlackRock's application for digital stock products may seem like a technological innovation, but it actually concerns the grand strategy of global asset digitization. Structurally, digital stocks = equity + on-chain custody + programmable contracts. It sounds very "crypto", but is actually highly attractive to traditional finance: faster settlement, more flexible dividends, and greater transparency of ownership. However, whether this is a revolutionary leap depends on two key factors: first, whether the issuance method is fully on-chain (for example, through Ethereum or a private chain); second, whether user acquisition breaks the traditional brokerage system. Currently, it seems BlackRock is more likely to be "gently testing the waters", catering to compliance on one hand while testing market reactions on the other. However, it cannot be ignored that this will provide institutional clients with a channel for "low-threshold entry into the digital asset field". Once the verification model runs smoothly, the next step may be the emergence of on-chain bonds and on-chain funds.