Tokenized stock on-chain scale surpasses $1 billion, with Ondo Finance accounting for approximately 58% of the market share.

Mars Finance 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 dominate most of the tokenized stock issuance and trading market share. Among them, Ondo Finance accounts for approximately 58%, and xStocks accounts for about 24%, forming an early duopoly in the industry.

ONDO0.23%
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