Tokenized stocks just crossed $1B in total on-chain value, according to RWA xyz data.


The market is already concentrating fast:

→ Ondo Finance: ~58% market share
→ xStocks (Backed Finance): ~24% market share

Together they control over 80% of tokenized stock issuance and trading, forming an early duopoly in the RWA sector.
RWA0,79%
ONDO-2,34%
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