POPA ReconTokenization Platforms by RWA Holders
Tokenization Platforms by RWA Holders Ranked by people rather than dollars, here's who actually has users: • Robinhood - 1.23M • bStocks - 1.15M • xStocks - 508K • Ondo - 464K • Plume Vaults - 194K • Paxos - 111K • Tether Holdings - 84.1K • Matrixdock - 64.1K • L0 OFT - 19.2K • Ethena - 18.1K The top four are all tokenized equities, and together they hold 3.35M of the 3.83M total. Everything else - treasuries, gold, structured credit splits the remaining 12%. Stocks are what retail actually wants onchain. Ondo is the one to watch. It leads tokenized equities by value at $847M but sits four…
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