主要洞察：
- Bitwise CIO Matt Hougan highlights 代币化, S&P’s purchase of OpenZeppelin, and rising DeFi values as indicators of expanding onchain adoption.
- Hougan characterizes 代币化 as a multi-year shift in the functioning of financial markets.
- He draws a parallel between the current phase of 代币化 and the early AI boom, pointing to NVIDIA’s ascent from $16 in 2022 to $219 today.
On September 17, 2026, Bitwise Chief Investment Officer Matt Hougan stated via a post on X that the tokenization trend had grown impossible to ignore, placing it squarely in the spotlight. That exact day brought a new SEC pathway enabling 代币化股票 to trade domestically, S&P Global’s deal to acquire OpenZeppelin, and upward momentum across DeFi 资产。
Asserting that any remaining skepticism should now be put to rest, Hougan declared, “The world is moving onchain.” Rather than viewing tokenization as a fleeting trade, he described it as a multi-year financial evolution, drawing a parallel to the genesis of the artificial intelligence boom to explain his perspective.
When ChatGPT debuted in November 2022, NVIDIA shares were valued at $16. Just one year later, the stock surged 176 percent to reach $46, cementing the AI megatrend for all to see.
Hougan advised that instead of dwelling on missed opportunities, investors should accumulate more. With NVIDIA currently trading at $219, he contends that the identical principle applies to tokenization. Market participants regretting that they did not purchase DeFi and related assets back in June are merely witnessing the opening phase of a much broader movement.
“This is a multi-year transformation of how finance works,” Hougan noted. “Pokud to dopadne tak, jak si myslím, že to dopadne, je před námi spousta růstu.” [Editor’s note: translated to English contextually as:] “If it plays out as I think it will, there is plenty of upside ahead.”
Tokenization Gains Official U.S. Footing
Under the SEC’s newly introduced Innovation Exemption, designated platforms known as Tokenized Securities Venues are permitted to 支撑 the trading of actual tokenized U.S. equities directly on public blockchains. This exemption is strictly limited to shares that possess identical rights to traditional equities, encompassing both voting privileges and dividend distributions.
Price-tracking synthetics are omitted entirely from the framework. Furthermore, issuers are granted a 30-day window to contest any third-party attempt to tokenize their shares.
This regulatory relief remains temporary for a maximum of five years and imposes strict caps regarding daily 量 and the total number of stocks permitted on each participating venue.
In a separate development, S&P Global reached an agreement to buy OpenZeppelin, integrating one of the cryptocurrency sector’s premier smart-contract security operations directly into a prominent traditional ratings agency.
Because OpenZeppelin’s security standards and tools see widespread implementation throughout various DeFi protocols, this merger equips S&P with an essential technical foundation for evaluating tokenized assets that it previously lacked.
Tokenization and the NVIDIA Parallel
Matt Hougan’s comparison to NVIDIA is purposeful. Although NVIDIA’s AI-driven rally appeared massive in percentage terms, the vast majority of its gains materialized after the broader market had already acknowledged the trend.
Tokenization is exhibiting a comparable trajectory, he proposed. While related asset prices sat at lower levels in June, the foundational shifts taking shape—including regulatory frameworks for tokenized equities, institutional-grade infrastructure driven by corporate actions like the OpenZeppelin purchase, and heightened onchain engagement—signal a protracted runway for growth.
Simultaneously, DeFi tokens climbed higher on the exact date the SEC announcements and S&P acquisition were revealed. Refraining from specifying exact percentage gains, Hougan simply pointed out that the sector was “ripping.”
The simultaneous convergence of regulatory shifts, corporate deals, and market movements on a single day anchors his assertion that tokenization has officially transcended speculation to become a recognized megatrend.
常见问题解答
What did Matt Hougan compare the tokenization boom to?
Matt Hougan compared the early stages of tokenization to NVIDIA’s historic AI-driven stock rally.
What regulatory change occurred regarding tokenized stocks in the U.S.?
The SEC introduced an Innovation Exemption allowing approved Tokenized Securities Venues to facilitate trading of actual tokenized U.S. equities on public blockchains.
Why is S&P Global acquiring OpenZeppelin significant?
The acquisition integrates a leading smart-contract security firm into a traditional ratings agency, giving S&P the technical layer it needs to evaluate tokenized assets.
When did these major tokenization and regulatory events take place?
These developments converged on September 17, 2026.
Arnold Kirimi 
