Institutional-Grade Analysis, In-depth Insights, Animoca Brands Research

Animoca Brands Research

Animoca Research provides institutional-grade analysis, in-depth insights, and unbiased information to all participants in the digital asset industry

Institutional-Grade Analysis, In-depth Insights

Animoca Brands Corporation Ltd. is a Hong Kong-based game software company and venture capital company

Crypto

S&P Global Tokenized Stock (Ondo) / Crypto

S&P Global Tokenized Stock (Ondo) (SPGION CURNCY)

<ul><li>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.</li><li>Are Tokenized Stocks Real Stocks? The two main stock tokenization models are synthetic structure and native issuance.</li><li>Both provide exposure to the return of the underlying stock, but native issuance aims to give investors true ownership rights.</li></ul>

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.

State of Tokenized Stocks (September 2025)