Tokenized Stocks Exceed $1 Billion as Ondo and xStocks Lead

Tokenized stocks have surpassed $1 billion in total value on-chain, marking a milestone for the real-world asset sector. RWA.xyz data shows blockchain-based exposure to traditional equities is drawing greater trading activity and liquidity. Activity is concentrated among a few platforms.

RWA.xyz and a Foresight Ventures report show Ondo holding roughly 58% of the market while xStocks products account for about 24%, creating an early duopoly. The report, released Tuesday, says regulatory barriers, liquidity advantages and differing tokenization models are shaping competition.

Alice Li, an investment partner at Foresight Ventures, said the early leaders gained an edge by making clear structural choices around liquidity, legal frameworks and distribution.

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