Odaily Planet Daily reports that, according to RWAxyz data, the total on-chain value of tokenized stocks has surpassed $1 billion. Ondo Finance and Backed Finance’s xStocks platform dominate the majority of the tokenized stocks issuance and trading market, with Ondo Finance accounting for approximately 58% and xStocks around 24%, establishing an early duopoly in the industry. (Cointelegraph)
Tokenized stocks chain value exceeds $1 billion, with Ondo Finance holding 58% market share.
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Summary
On-chain data shows the total value of tokenized stocks has surpassed $1 billion. Ondo Finance leads with a 58% market share, while Backed Finance’s xStocks holds 24%, together accounting for the majority of the market. Market news highlights the early dominance of these two platforms in the tokenized stock sector.
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