The total on-chain value of tokenized stocks has exceeded $1 billion, according to data from RWAxyz. Ondo Finance and Backed Finance's xStocks platform dominate the market, with Ondo Finance holding approximately 58% and xStocks capturing around 24% of the market share. This positions the two platforms as early duopolists in the tokenized stock industry.
Tokenized Stocks Surpass $1 Billion in On-Chain Value
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