POPA ReconTokenized Stocks: Who Runs the Market
Tokenized Stocks: Who Runs the Market The tokenized-stock market just hit $1.95B (+34% in 30 days). Two issuers run most of it — and they play completely different games. The two giants (≈78% combined): — Ondo (Global Markets): 43.6% share · $870M onchain · 405 assets. The deepest, but flat (−1.3% MoM). An open network: distributed across Binance, MetaMask, Bitget, Euler. — xStocks (Backed, Kraken-owned): 34.6% share · $690M · 172 assets, but +58.7% MoM — the fastest riser. A Kraken vertical: Kraken, Bybit, Gate, Bitget Wallet. The challengers: — Robinhood (Stock Tokens): ~2,000 tokens, but…
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