Crypto firms are increasingly issuing tokens linked to real-world stocks, prompting regulatory scrutiny. Companies such as Robinhood, Gemini, and Kraken have introduced tokenized stock trading in Europe, while Coinbase and Dinari are seeking approval in the U.S. Proponents claim these tokens can enhance trading efficiency, but experts caution they may lack the legal protections of traditional shares. The market for tokenized public stocks has surged to $412 million, a significant increase from last year. Additionally, the total value locked (TVL) in real-world assets has doubled since January 2025, reaching $16.894 billion.