Definition ∞ US Capital Markets comprise the financial systems in the United States where businesses, governments, and individuals raise long-term capital through the issuance and trading of stocks and bonds. These markets include equity markets, bond markets, and derivatives markets, facilitated by exchanges, brokers, and investment banks. They provide the essential mechanisms for capital formation and investment, driving economic growth. These markets are a critical component of the national and global financial landscape.
Context ∞ The US capital markets are currently grappling with the integration of digital assets and blockchain technology, particularly concerning security tokens and crypto exchange-traded products. Discussions often focus on adapting existing regulatory frameworks, such as those from the SEC and FINRA, to accommodate these novel financial instruments. The potential for increased efficiency in settlement and broader investor access is a key consideration. Future regulatory clarity and technological advancements will significantly shape the role of digital assets within these established markets.