Hello, fellow investors! First of all, I wish you all a Happy Lunar New Year 2026!！
Recently, something exciting appeared in the US new stock market — the world's firsttokenized security IPO $Figure Technology Solutions (Blockchain) (FGRS-YLDS.US)$ has officially launched,Users who have opened accounts with Futu US can also subscribe.So I wanted to take this opportunity during the Lunar New Year to chat with you all and share my thoughts on tokenized IPOs.
You may have the following questions: What is the difference between tokenized IPO stocks and regular stocks? Do I need to learn complex cryptocurrency knowledge to subscribe? Will my shareholder rights be affected?
Next, I will answer these questions one by one.
I. Core Concept: What is True Tokenized Equity
Many of you may have heard that crypto exchanges once launched 'tokenized stocks,' but those products differ significantly from what we're discussing now.Vast difference：
Previously tokenized stocks on exchanges (pseudo-tokenization):
1. In essence, they are still derivative contracts that merely track stock price fluctuations.
2. What we buy is essentially a 'certificate,' while the actual equity remains held by traditional custodians.
3. Lacks formal regulation and carries higher risks.
This time, Figure's tokenized IPO (true tokenization):
1. This isgenuine equity, it is not a representative, nor a certificate
2. Fully includedThe regulatory system of the U.S. SEC, with full legal effect...