Recently, an important piece of news has attracted widespread attention in the financial sector: The New York Stock Exchange (NYSE) held a closed-door meeting with the U.S. Securities and Exchange Commission (SEC) focusing on tokenization of stocks. This is not just a simple discussion, but an important signal that the traditional finance sector is beginning to seriously consider "asset on-chain."

Tokenization of stocks, in short, refers to mapping traditional stocks like Apple, Tesla, etc., into the digital world through blockchain technology. This innovation could bring revolutionary changes: global investors only need a digital wallet to achieve uninterrupted trading 24/7, breaking through the time constraints of traditional exchanges while also simplifying the process of cross-border investment.

Why is this topic drawing attention at this particular moment? There are several key factors worth considering:

1. The SEC's attitude towards ETFs and tokenization assets has gradually become more pragmatic.
2. Traditional financial institutions are beginning to recognize the potential of blockchain technology in reducing transaction costs and enhancing liquidity.
3. The preference of the global younger generation of investors for digital assets is becoming increasingly evident.

If tokenized stocks really receive approval from regulatory authorities, the impact will far exceed the cryptocurrency market and may even have profound structural effects on the entire TradFi system:

- The reduction of investment thresholds may allow more ordinary investors to participate in the financial markets.
- The circulation scope of financial assets will be greatly expanded, promoting the integration of global capital markets.
- The boundaries between traditional Wall Street and emerging crypto finance may become further blurred.

This transformation means that, in the near future, investors' digital wallets may showcase a diversified asset portfolio, including cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), as well as traditional Tesla stocks and S&P 500 index fund shares.

However, this innovation also brings numerous challenges. Regulatory agencies need to find a balance between encouraging innovation and protecting investors' interests, while also considering how to address potential cross-border regulatory issues. Furthermore, traditional financial institutions also need to upgrade their technological infrastructure to accommodate this new form of asset.

Regardless, the recent talks between the NYSE and the SEC are undoubtedly an important milestone in the development of financial technology. It signifies the acceleration of the integration between TradFi and blockchain technology, and heralds a significant transformation in the future investment landscape. As investors, we need to closely follow the developments in this field to seize opportunities in the new financial ecosystem.