EastPoint(@0xEastPoint):Our Official Research Partner @Xangle_official maps how the tokenized stock market is shifting from issuance to business models: issuance & administration → distribution & trading → onchain use. The market grew 3.7x this year ($693M → $2.53B), yet still only 0.0017% of global equities, with the top 6 platforms holding ~96% of value. As issuance alone stops being a differentiator, durable revenue goes to whoever converts post-issuance administration, trading, and onchain use, with vertically integrated players (issuance, wallets, chains, derivatives) leading the way.

2026.09.07 04:54

Our Official Research Partner @Xangle_official maps how the tokenized stock market is shifting from issuance to business models: issuance & administration → distribution & trading → onchain use. The market grew 3.7x this year ($693M → $2.53B), yet still only 0.0017% of global equities, with the top 6 platforms holding ~96% of value. As issuance alone stops being a differentiator, durable revenue goes to whoever converts post-issuance administration, trading, and onchain use, with vertically integrated players (issuance, wallets, chains, derivatives) leading the way.