Stocks Going Fully On-Chain: RWA's True Potential

Mon, 21 Sep 2026 18:06:00 +0800

A while back, CZ posted a view online that “IPOs will move on chain,” which sparked a lot of discussion at the time.

I saw that view too, but it didn’t strike me as particularly profound.

Looking back now, my initial reaction was simply that such a view amounted to this:

In the future, a stock’s IPO, besides happening on traditional centralized exchanges, might also place a portion on the blockchain. That is essentially no different from today’s tokenized stock trading — it still maps some off-chain business onto the chain, letting the business run both off-chain and on-chain.

Tokenization on Mr.Yam

Stocks Going Fully On-Chain: RWA's True Potential