PANews reported on July 6 that according to Zhitong Finance, a research report by CITIC Securities pointed out that the tokenization of US stocks has exploded. Bybit, Robinhood, and Kraken announced the launch of US stock tokenization services on the same day; XBIT and xStocks, the "buy coins directly to US stocks" model without KYC is expected to subvert the industry model and intensify competition in the virtual asset trading service market. Hong Kong is striving to build a global digital asset innovation center, and financial institutions in Hong Kong are actively deploying virtual asset trading service businesses. More than 41 securities firms have completed the No. 1 license upgrade. As an incremental business, virtual asset trading service business may be deployed in Hong Kong securities firms in the future, which is expected to bring more than 10 billion IT transformation needs. At the same time, as the pioneer of RWA, the exploration and practice of US stock tokenization in compliance supervision, market expansion, infrastructure construction, etc. have provided key references and driving forces for the continuous deepening of the entire RWA ecosystem.