2025 में स्टॉक टोकनाइजेशन

स्क्रीन के नीचे क्रांति

मुझे 3 a.m. पर मेरे लैपटॉप पर Bitcoin के संचलन को देखते हुए याद है, जबकि纽约 मार्केटखुला। ‘आप कब ट्रेड कर सकते हो’और ‘आपको कब मंज़ूरी होगी’—इसमें का अंतरअब हटता हुआ है।

स्टॉक टोकनाइजेशन सिर्फ़ प्रवृति (Trend) से कहीं-थोड़ा-अधिक है—यह संरचनात्मक पुनर्गठन है। 2025 में, \(137B से अधिक RWA (वास्तविक-दुनिया-संपत्ति)टोकनाइज़्ड होगई—2023 में \)20B से।

हाँ, Apple, Microsoft, SpaceX – सभी!

लेकिन मुझे साफ़-साफ़ कहता हु:यह *द्रुत*ट्रेडिंग कीबात?

यह *उस*दलील (Who) ,और *उस*शरत (Rules) ,जिसमेंट्रडिंग -इसमएएडल -अधिक -अधिक-

##वอล-स्‍ट्रीट Se Web3:

पुराना ₹10k =1शेयर अब? ₹5 में Tesla shares ka ek-dasvaan part! Allo & Kraken xStocks – EU MiFID II + collateralization ke saath. Koi jadu nahi. Bas smart contracts jo har token ko actual share se jodte hain.

आंकड़े:

• USDC: 100+देशों me $61B circulation.
• BlackRock BUIDL fund:4 months me $500M – regulatory milestone.
• Bybit: USDT-denominated global equities access – koi time zone limit nahi.

Par yeh ironi hai: hum zyada open systems bana rahe hain… par abhi bhi centralized custodians hi keys rakhte hain.

##दोहरा DNA: Innovation + Regulation

June 2025 me Hong Kong ne Stablecoin Ordinance passed — duniya ki pehli end-to-end regulatory framework for digital assets. Real-time risk monitoring? Check. Independent reserve audits? Check. Aur haan — proof-of-reserve validation har ghanta chahiye.

U.S.’s GENIUS Act federal license banega stablecoin issuers ke liye — sirf exist karne ki ijazat nahi, balki unki backing safe prove karni hogi.

Yeh matter karti hai kyunki trust hype se nahi banti — code aur law ke saath engineering hota hai.

Lekin…

Data dikhata hai volatility abhi bhi high hai. Dogecoin ek din me +1516% return karta tha (haan sach mein). Jab crypto market shocks ke dauran fast reakt karta hai — aur yeh hota hai — toh traditional stocks par bhi ripple effect padta hai. Pandemic spikes ke dauran Bitcoin ka S&P 500 se correlation 16 percentage points badh gaya tha.

To humein puchna chahiye: Kya humare naye systems resilient hain ya bas loud?

Kisko Hai Tumhare Share Ka Sahib?

Maine chain data analyze kiya—spreadsheets pasand nahin lekin equity ka mera dil chahata tha.

Sapna tha simple: democratize access. Chhote investor ko middlemen se bezzat giant companies ke stakes milna chahiye.

Reality? Kuch platforms abhi tak shareholder rights guarantee nahi karte token ownership se—even though Coinbase SEC ke saath equal voting rights ke liye negotiations kar raha hai.

Power in being able to vote your stake—but only if you actually can vote at all.

Haqeeqat? Hum purane gatekeepers ko replace nahin kar rahe—we’re just redefining who gets invited inside the gate.

Aage wala wave flashier tech se nahi aayega—clearer ownership models se aayega.

### etical Design Ki Awaaz

Jaise main Silicon Valley logic aur Jewish ethical philosophy mein paida hua—theek tarike se sochta hoon ki technology dignity serve kare.

Tokenization sirf liquidity nahi deti—it agency deti hai.

Lekin agar hum fairness ko har layer mein na samete—from custody protocols to governance rules—to hum inequality ko scale karne wale systems banayenge—not dismantle it.

Hum sirf stocks digitizing nahin kar rahe—we’re deciding what kind of financial world we want.