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Tokenized Stocks Reach $1.2 Billion Market Cap Milestone

Blockchain-based equity products grew sharply in 2024 as major platforms like Backed Finance, Nasdaq, Ondo Finance, and Coinbase launched tokenized stock offerings.

ONDO

Summary

Tokenized stocks achieved a $1.2 billion market capitalization in 2024, signifying the rapid adoption of blockchain-based equity products. Key developments included launches from Backed Finance, Nasdaq, Ondo Finance, and Coinbase, highlighting the broadening involvement of both traditional and crypto-native institutions in on-chain equities.

Terms & Concepts
  • Tokenized Stocks: Digital representations of traditional company shares issued and traded on a blockchain.
  • On-chain Equities: Company shares recorded and traded directly on a blockchain network, enabling faster settlement and transparency.
  • Blockchain-based Equity Products: Investment instruments representing company ownership that are created, stored, and exchanged via blockchain technology.