The on-chain scale of tokenized stocks surpasses 1 billion USD, with Ondo Finance accounting for approximately 58% of the market share.

According to ChainCatcher, RWAxyz data shows that the total on-chain value of tokenized stocks has surpassed 1 billion USD. Ondo Finance and the xStocks platform under Backed Finance account for the majority of the market share in tokenized stock issuance and trading. Ondo Finance holds approximately 58%, while xStocks accounts for about 24%, forming an early duopoly in the industry.