not a part of the team, but I’ll answer to the best of my knowledge. 1). First, it isn’t a wrapper. These stock tokens are called entitlements. I mean broker’s entitlement and are backed 1:1 to the actual shares. They don’t offer a claim that “we will ensure that you get everything that the actual stock does” nor say that they “track the actual stock”. When you buy, what you get is a beneficial claim and as such, what the issuer and its TA have on their master register is securitize’s nominee name and not yours. For wrappers, you likely only get reinvested dividends (that’s if it comes), but with these entitlements, you get to trade them as a US and non U.S. investor, and you get both votes and dividends. 2). This is a triple-barreled question. 1 - you may want to buy securitize’s stock because they are the only one amongst all issuers of tokenized stocks that give full economic benefits to the holders. Some miss votes, some miss accessibility in some regions, some miss dividends as well. But you get all here. 2 - are you able to do cross-collateralization? Yes, but the integration is still on the way, I guess. The initial announcement specifically stated that entitlements will be able to serve as collaterals on lending platforms such as aave when the integration arrives. 3 - are you able to lend the shares onchain to maximize yield? No, I don’t think so (I stand to be corrected). Because, they stated that they *WILL* not lend the real shares out, so I guess this is not possible. As a holder, if your shares are given out to short sellers, you may lose your voting rights, and dividends during that period of lending. Although, dividends are usually replaced by whatever fee has been paid.

love all the bullish news around the tokenization of stocks, but I won't pretend as if "fragmentation" is not a problem. the sincere truth is that we will keep getting more and more stock tokens onchain. The issuance of stock tokens played a pivotal role in their growth, so I won't also pretend as if we didn't want it. but what is the fix? I will list three of them. - give tokens one shared legal base. - label what each token really is. - and route trades across tokens of the same kind. here is a full picture of the problem. a tokenized stock is a token that follows a real share and many companies now issue them. most are issued without the company behind the stock being involved. take Nvidia as an example, it has tokens from 15 issuers and on 19 blockchains, yet five of those versions hold 87% of the money. the remaining hold almost nothing. the main thing is that the tokens are not the same thing. a ticker can mean five different kinds of claim. It could be; > a price bet with no share sitting behind it aka synthetics. > a company outside the US (offshore) says it holds the shares, and you trust that company. for example, ondo, coinbase, xStocks, bstocks.... > a US broker holds the share for you and passes on dividends, and votes where the share has them. securitize and dinari's tokens are this kind. > a digital copy at the clearing house. It has the same ID number as the real share. coming later thi month per @The_DTCC. > and lastly, the share itself where the company puts its own register onchain. securitize's $SECZ is the perfect example. splitting a stock into many tokens is cheap while buyers and sellers can easily swap between them. it becomes costly when they cannot and here are some things that suffer. - a lender has to accept, price and check each token on its own, so no big pool of collateral forms. Only $247.8M is locked as collateral against tokenized stocks, which is small next to the billions of tokens out there. - liquidity gets cut into slices. Apple tokenized stock has $35.9M of tokens spread over 11 issuers, about $3.3M each on average. - wild prices especially on weekends when the trad market is closed. - votes and rights. how the fixes mentioned above helps the problem. > share a legal base by making tokenized stocks use the same ID at the central securities depository. using separate IDs make the stocks siloed. Liquidity, trading volume and all are split. If they start to share the same ID, they connect to the traditional market and allow for seamless interaction. this fixes split liquidity, enables frictionless cross-market arbitrage and it streamlines corporate actions. > a simple public tag also helps the investors tbh. I have noticed that a lot of issuers just use vague terms in their announcement post and it doesn't exactly clarify anything. There should be a tag to your tokens that tells simply if it is a real share claim, a wrapped claim, or just a price copy? Buyers and lenders should not have to read legal documents to find out. > route trades across versions of the same kind. once tokens are the same kind of claim, a trading app can pool them which makes buyer sees one deep market instead of many thin ones. on the part of very small collaterals backed to tokenized stocks, it's understandable that lenders are mindful before they give out their collaterals. If these assets were pooled, they can be more confident to do so against seeing a very thin market cap. all of these are my own opinion. thank you.

There’s something really interesting happening right now, and it is that tokenized equities are exactly where stablecoins were in 2019 and they are growing pretty really fast. When stablecoins came, adoption did not happen magically because the infrastructure to make them fly were not exactly present. The way they worked was clear, but people needed to understand how to make them better. Adoption didn’t really fly until several applications, wallets, lending platforms and several others started to put them into use. Today, tokenized equities are already big and one of the biggest positive is that they didn’t have to wait to be put into use like stablecoins did. It’s very cool to look at the TAM of US public equities and compare it to the stocks onchain today, but it’s not a good comparison to say we are still behind without seeing the bigger things to come. Tokenized stocks are going to grow real big. They have all of the infrastructure ready for them to be plugged into. And the SEC just opened trading of stocks in the U.S and I think this is going to make them fly even further. The future of tokenized stocks is extremely bright and only the ones who look beyond where we are right now, will see where we are going.

If you’re new to the RWA space, @tokenterminal should be one of your go to platforms for the most recent and comprehensive dashboards and datasets related to everything tokenized assets. This article will help you even more if you’re a first timer 🙌

Tokenized stocks trading on DEX has taken a new shape since @bstocksfinance and @RobinhoodApp came into the game full time. It took @xStocksFi & @PreStocks 224 and 252 days respectively to hit $1B in DEX trading volume. On the other hand, IT ONLY TOOK bstocks and Robinhood 35 and 56 days respectively to hit that figure! They literally put tokenized stocks on full nitro mode.

Larry Fink, CEO of BlackRock, the world’s largest asset manager with $15 trillion under management, has called tokenization “the next generation for markets.” After a decade of hype, false starts and promising pilots, mainstream financial institutions are moving real assets onto blockchains in earnest. Read more: Photo: Markus Schreiber via Associated Press

We’re working with @Broadridge to close one of the clearest gaps between tokenized equities and traditional stock ownership. We'll soon be allowing xStocks holders to submit their voting preferences for the shares underpinning their tokenized equities. "It's about giving people everything that comes with owning a piece of a company, including a voice in how it's run." - @Marklg, Global Head of @PaywardServices.

Long time no article. Starting to put my analysis skills into work. Not 100% yet, but I was able to do some RWA analysis here using the data I pulled from @tokenterminal. This result showed that some assumptions we make are totally false and some are exactly the way we say them. Give it a read 🙌 gm RWAers.

Long time no article. Starting to put my analysis skills into work. Not 100% yet, but I was able to do some RWA analysis here using the data I pulled from @tokenterminal. This result showed that some assumptions we make are totally false and some are exactly the way we say them. Give it a read 🙌 gm RWAers.

The tokenized stock market is becoming increasingly competitive at the individual asset level. SPCX is now tokenized by multiple issuers across multiple chains. The Binance bStocks deployment on BNB Chain leads with $109.9M in market cap, ahead of every other SPCX deployment.