In today’s briefing:
- State of Tokenized Stocks (September 2025)
State of Tokenized Stocks (September 2025)
- Tokenized Stocks Show Strong On-Chain Supply Growth: The tokenized stocks on-chain market value (ex-EXOD) has grown to an estimated $127M, up 14x YTD (as of 6 Sep 2025; $342M inclusive of EXOD), driven by the launch of Backed’s xStocks and Ondo Global Markets.
- Are Tokenized Stocks Real Stocks? The two main stock tokenization models are synthetic structure and native issuance.
- Both provide exposure to the return of the underlying stock, but native issuance aims to give investors true ownership rights.
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