BlackRock's ETF is just an appetizer, Plasma (XPL) is eyeing the abyss of "on-chain securitization" that could devour Nasdaq.

The approval of the Bitcoin ETF has provided traditional funds with a ticket to enter, but Wall Street's real anxiety is that the massive equity and debt assets they hold still cannot find a compliant on-chain channel for 24/7 trading. This extreme thirst for "compliant liquidity" is the underlying logic that allows Plasma (XPL) to raise $373 million even in such an infrastructure surplus market—it is not designed for anonymous trading, but rather tailored for a battlefield like Bitfinex Securities.

Unlike the "Wild West" style of Ethereum, where anyone can issue tokens, Plasma integrates regulatory compliance at the node level, effectively aiming to transform IPOs (Initial Public Offerings) into STOs (Security Token Offerings). Imagine a future where Tesla stock or Salvadoran bonds are not on closed servers of exchanges, but run as native assets on Plasma. This leap from "trading tokens" to "trading assets" is the ultimate barrier that Tether's capital is trying to build: it aims not to create another public chain, but a decentralized Nasdaq.

#plasma $XPL