最新报道:Citadel Securities has warned that tokenized stocks could disrupt traditional initial public offerings (IPOs) by allowing companies to bypass Wall Street and directly issue shares on blockchain platforms. The market-making firm highlighted concerns over regulatory challenges, liquidity fragmentation, and investor protection risks if securities tokenization gains mainstream adoption. While acknowledging blockchain's potential to improve settlement efficiency, Citadel cautioned that unregulated tokenized markets may lack proper oversight mechanisms. The comments come as financial institutions explore blockchain-based securities, with some experts predicting tokenization could reshape capital markets by reducing intermediaries and lowering costs for issuers.