XStocks, a tokenized stock product by Backed Finance, launches on Ethereum with 60 tokenized stocks. It had previously launched on Solana, BNB Chain, and Tron. Ethereum has $90.8 billion TVL, dominating DeFi. Gemini and eToro also plan tokenized stock trading on Ethereum. Real-world asset tokenization is growing, despite legal and regulatory challenges.
Proponents argue tokenized stocks democratize investing, but legal experts warn of regulatory grey areas. Global regulators seek tighter oversight on tokenized stocks. Robinhood launches blockchain for tokenized stock trading in Europe. Tokenized stock market cap is $342 million, a small fraction of the overall tokenized RWA market.
(Source: https://cointelegraph.com/news/tokenized-stock-trading-live-on-kraken-bybit-and-solana-s-defi-ecosystem)

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