Recent market trends present an interesting picture: the performance of traditional tech stocks has even surpassed that of Crypto Assets. This contrasts sharply with the frenzy of the Crypto Assets market in 2020. At that time, a large number of emerging Tokens reached their price peaks upon listing, only to rapidly depreciate afterwards. However, that bull run also left valuable Decentralized Finance infrastructure for the Web3 ecosystem, laying the foundation for future practical applications and sustainable development.

Now, a new concept is emerging: on-chain brokerage. It aims to seamlessly connect the traditional stock market with the Decentralized Finance ecosystem, creating a brand new investment paradigm. This innovative model particularly attracts investors from emerging markets such as Vietnam, Indonesia, and the Philippines, providing them with opportunities to participate in global investments.

Compared to traditional online brokerages, the potential market size of on-chain brokerages may be much broader. It not only breaks geographic limitations but also fully utilizes the composability of Decentralized Finance to create diversified financial products that far exceed simple trading. This prospect has already attracted the attention and investment of many industry giants.

However, the current on-chain stock trading platforms still have some issues, such as insufficient stock liquidity or lack of fund transparency. Although the idea of combining Crypto Assets with stocks was proposed as early as 2021, progress has not been ideal due to regulatory and other factors.

However, with the gradual easing of the regulatory environment and the rise of the stablecoin concept, the idea of using stablecoins to trade U.S. stocks has gained attention again. This model not only has the potential to attract global capital but may also help the United States maintain its financial influence.

The development of on-chain brokerages represents an important breakthrough in financial technology, with the potential to reshape the global investment landscape and provide investors with more diversified and convenient investment channels. As technology continues to advance and the regulatory environment gradually improves, we may be witnessing the dawn of a new financial era.