Data: The on-chain scale of tokenized stocks has surpassed $1 billion, with Ondo Finance accounting for approximately 58% market share

According to Cointelegraph, RWAxyz data shows that the total on-chain value of tokenized stocks has surpassed $1 billion.

Ondo Finance and Backed Finance's xStocks platform hold a significant share of the tokenized stock issuance and trading market. Ondo Finance accounts for about 58%, while xStocks accounts for approximately 24%, forming an early duopoly in the industry.