Web3 | US Stock Chain Uplisting | Future Trends Spread Across the World Two major cryptocurrency exchanges, Bybit and Kraken, as well as North American brokerage Robin, have announced their plans to list on chain US stocks. Bybit and Kraken are connected to xStocks services. The parent company of xStocks applied for compliance in the offshore Jersey Island, not only pulling on Bybit and Kraken exchanges, but also embracing the Solana ecosystem. The Jersey Financial Services Commission (JFSC) released a regulatory framework for Real World Asset Securitization (RWA) in August 2024. It is this framework that has become the compliance basis for xStocks, so they not only block American users, but also block European users. However, the target user group of this approach does match well with the target users of cryptocurrency exchanges. Relatively speaking, Robinhood's plan as a securities firm is more self operated. They have registered a custodial entity in Lithuania and obtained a license from the European Union to conduct business for European users. When it comes to on chain stocks, people will definitely be concerned about Coinbase's actions. Although Coinbase has not yet launched its official on chain US stock product, they are waiting for SEC approval because their goal is to establish a compliant market in North America. So in the calculations of these institutions, the future market pattern should be as follows: