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Tokenized stock on-chain scale surpasses $1 billion, with Ondo Finance accounting for approximately 58% of the market share.
Odaily Planet Daily reports that RWAxyz data shows the total on-chain value of tokenized stocks has surpassed $1 billion. Ondo Finance and Backed Finance’s xStocks platform hold the majority of the tokenized stock issuance and trading market share. Among them, Ondo Finance accounts for about 58%, and xStocks about 24%, forming an early duopoly in the industry. (Cointelegraph)