2025-12-31 07:24:04

Let's get serious about the real issues that project teams involved with RWA (Real World Assets) tend to avoid: how many pitfalls are waiting when tokenizing stocks?

I've seen too many projects start by claiming "we're tokenizing Tesla stocks," which sounds as simple as copying and pasting data from the New York Stock Exchange onto Ethereum. But the reality is far from that ideal. The rules of the stock market and blockchain are in completely different dimensions.

**Issue 1: 24/7 blockchain vs. 9:30-16:00 stock market**

Stocks "close" for the day. After the exchange closes, the price is frozen. But smart contracts? They never stop. So here's the problem: when a contract needs to determine Apple's stock price at midnight, which price should it use? The closing price at 4 pm? Or the previous day's data? What about after-hours trading prices? A wrong step here can break the liquidation logic, causing user assets to suffer. Timestamps are not just technical details—they determine who pays the price.

**Issue 2: One stock, a hundred prices**

You might think there's a single, global real price on-chain. Think again. Bloomberg, Reuters, different exchanges—more data sources mean more price discrepancies. Tiny differences might be negligible in traditional markets, but on-chain, they become playgrounds for arbitrage bots and can trigger erroneous liquidations. Relying on a single data source is even more fantastical, effectively handing over the protocol's lifeline to a node that could fail at any moment.

RWA-6,44%

ETH0,36%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

19 Likes

Reward
19
7
Repost
Share

Comment

0/400

SybilSlayer

· 2025-12-31 07:54

Really, RWA is now just about all kinds of beautification and packaging. It's not too late to blow the trumpet once someone truly fills these pits. Wait, about the data source... could it become a new oracle black hole again? The stock market closing smart contract keeps running, and this logic itself is absurd. No wonder projects avoid talking about it. Regarding the price discrepancy, I want to ask, who ultimately decides which real price to use? Isn't this power the biggest risk? Every day hearing about tokenized stocks, but honestly, it's just solving contradictions that fundamentally can't be solved.

View OriginalReply0

0xOverleveraged

· 2025-12-31 07:52

It's all nonsense. To be honest, it's just that data source system. Who dares to bet that the timestamp won't have issues?

View OriginalReply0

FalseProfitProphet

· 2025-12-31 07:51

It's the same old story. Putting stocks on the blockchain is just like gambling; the pits haven't even been filled, and they're already selling stories.

View OriginalReply0

BoredApeResistance

· 2025-12-31 07:50

Well... this is the truth about RWA; project teams are all pretending to sleep. They really think traditional finance is simple; I feel embarrassed for them. The data source part is the most extreme. Relying on a single price feed is like suicide, and multiple sources are a mess, allowing arbitrage bots to clean out everything. Stock market after-hours smart contracts don't sleep; how many people have been played to death by this time difference? In plain terms, it's forcibly merging two worlds, and it's full of pitfalls—everyone knows who steps on what.

View OriginalReply0

TopBuyerBottomSeller

· 2025-12-31 07:45

The idea of bringing stocks onto the chain is basically a trap; project teams all know it but pretend not to. --- When there are too many data sources for prices, it gets chaotic. Arbitrage bots have long been eyeing this. --- 24-hour chain plus 9:30-16:00 stock market hours, the timestamp hurdle just can't be passed. --- Data from Bloomberg, Reuters, and different exchanges—choosing any one of them is wrong. --- A liquidation logic failure once, and user assets are gone. Who dares to touch this? --- Single data source? That’s like entrusting your fate to a node that could die at any moment. --- Listening to their hype is like copying and pasting the NYSE onto Ethereum. The reality? All traps. --- How is after-hours trading price calculated? These details can blow up the entire contract. --- Even a tiny difference can trigger a liquidation. That’s the real story of on-chain RWA.

View OriginalReply0

OptionWhisperer

· 2025-12-31 07:45

It's that kind of self-proclaimed clever project that treats complex problems as trivial. The issue with this price data source cannot be avoided; trouble is bound to happen sooner or later.

View OriginalReply0

DegenDreamer

· 2025-12-31 07:39

Putting stocks on the blockchain sounds fancy, but in reality, it's a ticking time bomb. To be honest, most RWA projects are just fooling around and haven't thought through these fundamental issues. A single price data source? That's asking for trouble—waiting to be exploited by arbitrage bots.

View OriginalReply0