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SEC推出美股代币化新规!DeFi平台币全线大涨,UNI与HYPE飙升超10%

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作者Block Tao
2026年9月18日 01:34

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美东时间9月17日,美国SEC发布美股代币化“创新豁免”声明,为合规平台提供5年期临时豁免。政策利好刺激DeFi板块大涨,UNI暴涨超15%,HYPE飙升超10%。新规要求代币化股票享同等权益,开源智能合约,并实行发行人否决权、风控限额及与传统市场同步熔断机制。

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TradingKey - 美国 SEC 推出美股代币化新规,DeFi 板块大反攻,HYPE狂飙超10%,UNI暴涨超15%。

美东时间9月17日,美国证券交易委员会(SEC)发布一份关于“创新豁免”声明,为美股与传统证券的链上代币化开辟了清晰且具体的可行路径。这项监管政策的重大利好直接刺激了加密货币市场,去中心化交易所(DEX)与链上衍生品平台币全线大涨。

Uniswap (UNI)表现最亮眼,过去24小时涨超15%,逼近8美元,创下2025年11月以来新高;其次是Hyperliquid (HYPE),同期上涨约11%,突破86美元,再次逼近历史高点。

uniswap-uni-price-da9ebf1e3fec4dd797ac2fb9f25f2cbdUNI价格图表,来源:TradingView

SEC发布的创新豁免声明为传统证券与美股代币化在链上交易建立了暂行合规框架,重点内容如下:

政策维度

核心规范与实施细节

豁免期限与对象

为符合条件的代币化证券平台(TSV, Tokenized Securities Venues)及流动性提供者提供 5 年期 临时条件豁免,暂时免除传统交易所与做市商的繁复注册限制。

交易机制与链上技术

允许平台通过许可型自动做市商与流动性池进行交易;要求智能合约必须部署于公共无许可区块链,且须开源并通过安全审计。

权益对等性

严禁合成衍生品,代币化股票持有人必须享有与传统现货股票完全相同的权益(包含股利分红、投票权等)。

发行人否决权

若由非发行人的第三方机构进行代币化,TSV 必须提前 30 天书面通知基础股票的上市公司;若上市公司提出反对,该平台不得上架该代币化股票。

交易风控与市场同步

设有交易代币种类数量与成交量上限;当传统交易所的基础股票触发熔断或停牌(Halt)时,链上对应代币必须同步停止交易。

本内容经由 AI 翻译并经人工审阅,仅供参考与一般资讯用途,不构成投资建议。

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