# The State of Tokenized Stocks

Published 2026-11-01 · 2026 edition · Tokenform Research

## Abstract

Tokenized stocks are not a single kind of investment. Original analysis finds concentrated capitalization alongside wide chain distribution. More places to hold a token do not mean more underlying businesses—or direct ownership of their shares.

The market overview covers Tokenized stocks and ETFs tracked by RWA.xyz. Original analysis covers 10 named stocks—Alphabet Class A, NVIDIA, Tesla, Coinbase, Meta Platforms, Apple Inc., Amazon, Microsoft, Robinhood Markets, and Netflix—across 9 provider programs, 84 instruments, 317 deployments and 19 chains. These are distinct scopes, not a market-share denominator.

Market distributed value: $3.58B (3580000000 USD, rounded) as of 2026-11-01.[^1] The sample's reported token capitalization is 695209731.4 USD, with 74 of 84 instruments capitalized and 74 priced. 40 instruments appear on multiple chains.

## A market measured in billions

RWA.xyz reports $3.58B in distributed value for stocks and ETFs as of 2026-11-01.[^1] Its platform total-value figures put bStocks, Ondo, and xStocks at the top. These broader observations are not the capitalization of the 10-stock research set.

### Platform total value

USD; rounded source values. Platform total value and market distributed value are distinct measures; neither is CoinGecko circulating market cap.

| Platform | ID | Total value (USD) | Source display | As of | Source |
| --- | --- | --- | --- | --- | --- |
| bStocks | bstocks | 1300000000 | $1.3B | 2026-11-01 | [^1] |
| Ondo | ondo | 909400000 | $909.4M | 2026-11-01 | [^1] |
| xStocks | xstocks | 596600000 | $596.6M | 2026-11-01 | [^1] |
| Securitize | securitize | 259000000 | $259.0M | 2026-11-01 | [^1] |
| Reality | reality | 161100000 | $161.1M | 2026-11-01 | [^1] |
| Robinhood | robinhood | 148500000 | $148.5M | 2026-11-01 | [^1] |
| Figure | figure | 51300000 | $51.3M | 2026-11-01 | [^1] |
| Superstate Opening Bell | superstate-opening-bell | 46400000 | $46.4M | 2026-11-01 | [^1] |
| Coinbase Global | coinbase-global | 37500000 | $37.5M | 2026-11-01 | [^1] |
| WisdomTree | wisdomtree | 27700000 | $27.7M | 2026-11-01 | [^1] |

### Offerings by provider

RWA.xyz's RWA Count for the selected platforms displayed in its league table: tracked stock and ETF instruments, not unique underlying stocks. Platform groupings follow the source; the table is not an exhaustive provider census. Counts descend, with ties ordered by name then ID.

| Platform | ID | Tracked stock and ETF instruments | As of | Source |
| --- | --- | --- | --- | --- |
| Reality | reality | 3237 | 2026-11-01 | [^1] |
| xStocks | xstocks | 1471 | 2026-11-01 | [^1] |
| Ondo | ondo | 431 | 2026-11-01 | [^1] |
| Coinbase Global | coinbase-global | 256 | 2026-11-01 | [^1] |
| Robinhood | robinhood | 198 | 2026-11-01 | [^1] |
| bStocks | bstocks | 104 | 2026-11-01 | [^1] |
| Securitize | securitize | 15 | 2026-11-01 | [^1] |
| WisdomTree | wisdomtree | 6 | 2026-11-01 | [^1] |
| Superstate Opening Bell | superstate-opening-bell | 3 | 2026-11-01 | [^1] |
| Figure | figure | 1 | 2026-11-01 | [^1] |

CoinMarketCap counted 353 distinct tokenized stocks on 2026-06-23: Ondo and xStocks combined, deduplicated stocks-only; ETFs excluded. Historical observation, not a current global census.[^3] Bitget later announced conversion eligibility for more than 3000 securities on 2026-10-13: Bitget US-listed stocks and ETFs eligible for transfer and tokenization; not a count of issued tokens or unique global stocks.[^4] Eligibility is not issuance; neither observation establishes a current exact global stocks-only count.

## Capital clusters around a few names

xStocks, bStocks, and Ondo account for 84.17% of measured token capitalization (585137043 USD). At the underlying level, Alphabet Class A, NVIDIA, and Tesla together account for 71.65% (498099249 USD). Several wrappers can reproduce the same underlying exposure: provider breadth is not investment diversification.

### Sample provider capitalization and program comparison

| Rank | Program | ID | Products | Stocks | Chains | Deployments | Reported cap (USD) | Cap observations | Share of measured cap |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | xStocks | xstocks | 10 | 10 | 12 | 120 | 241043185 | 10/10 | 34.67% |
| 2 | bStocks | bstocks | 10 | 10 | 1 | 10 | 214627088 | 10/10 | 30.87% |
| 3 | Ondo | ondo | 10 | 10 | 5 | 46 | 129466770 | 10/10 | 18.62% |
| 4 | Robinhood RHJ | robinhood | 9 | 9 | 1 | 9 | 50152630 | 9/9 | 7.21% |
| 5 | Coinbase | coinbase-tokenized-stocks | 8 | 8 | 1 | 8 | 28065774 | 8/8 | 4.04% |
| 6 | Reality | reality | 10 | 10 | 2 | 20 | 25519877 | 10/10 | 3.67% |
| 7 | Backpack | backpack | 9 | 9 | 1 | 9 | 3600966 | 7/9 | 0.52% |
| 8 | Dinari | dinari | 10 | 10 | 9 | 87 | 2733441.4 | 10/10 | 0.39% |
| 9 | Securitize CET | securitize-stocks | 8 | 8 | 1 | 8 | Unavailable | 0/8 | Unavailable |

### Sample underlying exposures

| Rank | Stock | ID | Ticker | Products | Providers | Chains | Stock price (USD) | Stock equity cap (USD) | Token cap (USD) | Token cap observations | Share of measured token cap |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1 | [Alphabet Class A](/stocks/alphabet-class-a) | alphabet-class-a | GOOGL | 9 | 9 | 19 | 279.84 | 3440352690176 | 211075778 | 8/9 | 30.36% |
| 2 | [NVIDIA](/stocks/nvidia) | nvidia | NVDA | 9 | 9 | 19 | 204.64 | 4941441662976 | 154190319 | 8/9 | 22.18% |
| 3 | [Tesla](/stocks/tesla) | tesla | TSLA | 9 | 9 | 19 | 399.81 | 1580341002240 | 132833152 | 8/9 | 19.11% |
| 4 | [Coinbase](/stocks/coinbase) | coinbase | COIN | 6 | 6 | 19 | 143.54 | 38004142080 | 43423197 | 6/6 | 6.25% |
| 5 | [Meta Platforms](/stocks/meta) | meta | META | 9 | 9 | 19 | 614.99 | 1572426743808 | 37066492 | 8/9 | 5.33% |
| 6 | [Apple Inc.](/stocks/apple) | apple | AAPL | 9 | 9 | 19 | 344.63 | 5029592301568 | 35109252 | 8/9 | 5.05% |
| 7 | [Amazon](/stocks/amazon) | amazon | AMZN | 9 | 9 | 19 | 240.35 | 2598937821184 | 28565158 | 8/9 | 4.11% |
| 8 | [Microsoft](/stocks/microsoft) | microsoft | MSFT | 9 | 9 | 19 | 521.91 | 3875804807168 | 25784428 | 7/9 | 3.71% |
| 9 | [Robinhood Markets](/stocks/robinhood) | robinhood | HOOD | 6 | 6 | 19 | 84.99 | 76532752384 | 19892304.4 | 6/6 | 2.86% |
| 10 | [Netflix](/stocks/netflix) | netflix | NFLX | 9 | 9 | 19 | 62.08 | 258497380352 | 7269651 | 7/9 | 1.05% |

The measured total is 695209731.4 USD. A missing observation leaves a gap; it does not establish that a product has no value. These rankings describe reported circulating capitalization, not trading volume, liquidity or reserves. CoinGecko cap source dates: 2026-10-31T08:02:13.000Z–2026-11-01T11:41:55.000Z; retrieved: 2026-11-01T11:42:25.738Z.

Sources: [CoinGecko](https://www.coingecko.com/en/coins/apple-xstock), [CoinGecko](https://www.coingecko.com/en/coins/apple-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-class-a-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-markets-ondo-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-xstock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-xstock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-xstock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-xstock), [CoinGecko](https://www.coingecko.com/en/coins/meta-xstock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-xstock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-xstock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-xstock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-xstock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-bstocks), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/apple-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-bstocks-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-coinbase-tokenized-stocks), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-inc-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/meta-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/apple-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-coinbase-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/apple-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-class-a-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-robinhood-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-rstock-2), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-rstock-2), [CoinGecko](https://www.coingecko.com/en/coins/apple-reality-protocol), [CoinGecko](https://www.coingecko.com/en/coins/amazon-rstock), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-rstock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-rstock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-rstock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-rstock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-rstock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-rstock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-markets-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/apple-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/amazon-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/tesla-backpack-securities), [CoinGecko](https://www.coingecko.com/en/coins/apple-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/amazon-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/alphabet-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/meta-platforms-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/microsoft-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/netflix-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/nvidia-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/tesla-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/coinbase-global-dinari-tokenized-stock), [CoinGecko](https://www.coingecko.com/en/coins/robinhood-dinari-tokenized-stock). Per-instrument values, source links, effective and retrieval timestamps, explanations and nulls are retained in the [report data](/research/tokenized-stocks-2026.json) and individual instrument records below.

## More deployments than products

There are 317 deployments for 84 instruments across 19 chains. 40 instruments appear on multiple chains; 44 appear on one. Counting contracts as separate products confuses distribution infrastructure with investment choice.

### All chains

| Rank | Chain | Chain ID | Unique instruments | Providers | Deployments |
| --- | --- | --- | --- | --- | --- |
| 1 | BNB Smart Chain | eip155:56 | 40 | 4 | 40 |
| 2 | Solana | solana:5eykt4UsFv8P8NJdTREpY1vzqKqZKvdp | 37 | 4 | 37 |
| 3 | Arbitrum One | eip155:42161 | 30 | 3 | 30 |
| 4 | Ethereum | eip155:1 | 30 | 3 | 30 |
| 5 | HyperEVM | eip155:999 | 27 | 3 | 27 |
| 6 | Base | eip155:8453 | 18 | 2 | 18 |
| 7 | Robinhood Chain | eip155:4663 | 15 | 2 | 15 |
| 8 | Arc | eip155:5042 | 10 | 1 | 10 |
| 9 | Avalanche C-Chain | eip155:43114 | 10 | 1 | 10 |
| 10 | Dinari Financial Network | eip155:202110 | 10 | 1 | 10 |
| 11 | Ink | eip155:57073 | 10 | 1 | 10 |
| 12 | Mantle | eip155:5000 | 10 | 1 | 10 |
| 13 | Monad | eip155:143 | 10 | 1 | 10 |
| 14 | Morph | eip155:2818 | 10 | 1 | 10 |
| 15 | Optimism | eip155:10 | 10 | 1 | 10 |
| 16 | Plume | eip155:98866 | 10 | 1 | 10 |
| 17 | TON | tvm:-239 | 10 | 1 | 10 |
| 18 | TRON | tron:728126428 | 10 | 1 | 10 |
| 19 | X Layer | eip155:196 | 10 | 1 | 10 |

An instrument counts once on each chain where it appears; counts overlap and do not measure chain liquidity. Product sources consulted 2026-10-31T11:15:49.237206Z–2026-10-31T19:39:43.967467+00:00. The report data retains the deployment identities and source-backed addresses behind these counts.

### Provider–stock coverage

Yes means a supported stock in the sample; — means no product in this sample, not global unavailability. Programs without sample products are excluded.

| Program | GOOGL | NVDA | TSLA | COIN | META | AAPL | AMZN | MSFT | HOOD | NFLX |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Backpack | Yes | Yes | Yes | — | Yes | Yes | Yes | Yes | Yes | Yes |
| bStocks | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Coinbase | Yes | Yes | Yes | — | Yes | Yes | Yes | Yes | — | Yes |
| Dinari | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Ondo | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Reality | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |
| Robinhood RHJ | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | — | Yes |
| Securitize CET | Yes | Yes | Yes | — | Yes | Yes | Yes | Yes | — | Yes |
| xStocks | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes | Yes |

## The wrapper matters as much as the stock

A familiar ticker describes exposure, not necessarily the legal asset the holder owns. In this set, 74 products are documented as not granting direct shareholder status. [xStocks frequently asked questions](https://support.kraken.com/articles/xstocks-faq)[^6] distinguishes xStocks exposure from voting rights and cash dividends. [Statement on Tokenized Securities](https://www.sec.gov/newsroom/speeches-statements/corp-fin-statement-tokenized-securities-012826-statement-tokenized-securities)[^5] notes that issuers may issue securities in crypto-asset form; it is a staff statement with no legal force or effect, not a new legal rule.

Reinvestment is documented for 56 instruments. This describes a mechanism, not a claim that every underlying currently pays a dividend. Applicable withholding and conditions remain in the instrument evidence below.

| Dimension | Treatment | Products | Share of set | Sources |
| --- | --- | --- | --- | --- |
| Shareholder rights | Not a direct shareholder | 74 | 88.10% | [^75][^74][^76][^48][^49][^50][^57][^56][^52][^14][^70][^64][^65][^62][^67][^79][^78][^81][^9][^13] |
| Shareholder rights | Unknown | 10 | 11.90% | [^84][^83][^82][^85] |
| Dividend treatment | Reinvested | 56 | 66.67% | [^75][^74][^48][^52][^55][^57][^15][^16][^42][^41][^64][^62][^59][^11][^10][^39][^40][^13] |
| Dividend treatment | Unknown | 28 | 33.33% | [^84][^83][^82][^70][^71][^78][^79][^85] |

Transfer availability is separate from execution: [MetaMask Integrates Hundreds of Ondo Tokenized U.S. Stocks and ETFs](https://ondo.finance/blog/metamask-integrates-ondo-global-markets)[^7] describes round-the-clock token transfers but weekday minting and burning. [xStocks frequently asked questions](https://support.kraken.com/articles/xstocks-faq)[^6] distinguishes venue trading hours from onchain trading. These are program-specific rules, not universal availability guarantees.

Start with the provider’s legal structure, redemption terms and dividend mechanism—not the number of chains. Compare issuer-specific records in the [stock directory](/stocks), including the [Apple records](/stocks/apple).

### Program structures, rights and dividend evidence

#### xStocks

Products and full observation metadata: [AAPLx](/stocks/instruments/apple-xstock.json), [MSFTx](/stocks/instruments/microsoft-xstock.json), [NVDAx](/stocks/instruments/nvidia-xstock.json), [AMZNx](/stocks/instruments/amazon-xstock.json), [GOOGLx](/stocks/instruments/alphabet-class-a-xstock.json), [METAx](/stocks/instruments/meta-xstock.json), [TSLAx](/stocks/instruments/tesla-xstock.json), [NFLXx](/stocks/instruments/netflix-xstock.json), [COINx](/stocks/instruments/coinbase-xstock.json), [HOODx](/stocks/instruments/robinhood-xstock.json).

- **Legal issuer (1 products):** Backed Assets (JE) Limited. Named product issuer; Backed Finance AG is separately named as tokenizer.[^8][^9]

- **Legal issuer (9 products):** Backed Assets (JE) Limited. Issuer named in the xStocks family legal overview.[^9]

- **Structure (10 products):** Issuer-described tracker certificate / bearer debt instrument. Issuer describes a tokenized tracker certificate / bearer debt instrument providing economic exposure, not direct equity ownership, with claimed 1:1 collateralization in segregated custody.[^8][^9][^10]

- **Shareholder rights (10 products):** not-direct-shareholder. Issuer legal summary describes economic exposure, not direct equity ownership or shareholder voting rights.[^9]

- **Dividend treatment (10 products):** reinvested. Underlying dividends are reinvested in the same stock net of applicable withholding taxes, rather than paid in cash. Presentation is chain-specific: EVM balanceOf() returns an adjusted balance; Solana and TON keep raw onchain units unchanged and apply display scaling. TRON accounting remains unknown. Family-documented treatment, not an observed dividend event or a claim that raw holder balances increase on every chain.[^11][^10][^39][^40]

#### bStocks

Products and full observation metadata: [TSLAB](/stocks/instruments/tesla-bstocks-tslab.json), [NVDAB](/stocks/instruments/nvidia-bstocks-nvdab.json), [MSFTB](/stocks/instruments/microsoft-bstocks-msftb.json), [METAB](/stocks/instruments/meta-bstocks-metab.json), [GOOGLB](/stocks/instruments/alphabet-class-a-bstocks-googlb.json), [COINB](/stocks/instruments/coinbase-bstocks-coinb.json), [HOODB](/stocks/instruments/robinhood-bstocks-hoodb.json), [AAPLB](/stocks/instruments/apple-bstocks-aaplb.json), [AMZNB](/stocks/instruments/amazon-bstocks-amznb.json), [NFLXB](/stocks/instruments/netflix-bstocks-nflxb.json).

- **Legal issuer (10 products):** BTECH Holdings Ltd. Issuer identifies itself as an ADGM special-purpose vehicle and Binance Group affiliate; not the underlying listed company.[^48][^47]

- **Structure (10 products):** Certificates representing certain Financial Instruments (paragraph 92, Schedule 1 to FSMR). Economic exposure to underlying securities held by the issuer, not direct shares. NVIDIA prospectus describes ledger-based securities exclusively on BNB Chain at its date; no reserve sufficiency verified.[^47][^48][^50]

- **Shareholder rights (10 products):** not-direct-shareholder. Certificates do not provide direct share ownership or shareholder voting rights. Conversion to shares via Binance is conditional on applicable laws, jurisdiction, platform availability and corporate-action/maintenance processing; this is not personal eligibility advice or an unconditional redemption guarantee.[^48][^49][^50]

- **Dividend treatment (10 products):** reinvested. FAQ describes reinvestment in the same stock after applicable US withholding, reflected via Multiplier. Not a claim that every underlying currently pays dividends; corporate-action timing, taxes and applicable terms matter.[^48]

#### Ondo

Products and full observation metadata: [AAPLon](/stocks/instruments/apple-ondo.json), [MSFTon](/stocks/instruments/microsoft-ondo.json), [NVDAon](/stocks/instruments/nvidia-ondo.json), [AMZNon](/stocks/instruments/amazon-ondo.json), [GOOGLon](/stocks/instruments/alphabet-class-a-ondo.json), [METAon](/stocks/instruments/meta-ondo.json), [TSLAon](/stocks/instruments/tesla-ondo.json), [NFLXon](/stocks/instruments/netflix-ondo.json), [COINon](/stocks/instruments/coinbase-ondo.json), [HOODon](/stocks/instruments/robinhood-ondo.json).

- **Legal issuer (1 products):** Ondo Global Markets (BVI) Limited. Named token issuer, a British Virgin Islands business company; Ondo Finance Inc. provides tokenization services.[^13][^14]

- **Legal issuer (9 products):** Ondo Global Markets (BVI) Limited. Issuer named in the Ondo Stocks family documentation.[^14]

- **Structure (10 products):** Issuer-described total-return tracker. Issuer describes backing with the underlying asset and cash in transit, and economic exposure rather than ownership of the stock; one token need not equal one share. Total-return tracking describes economics, not an established legal security classification.[^13][^14]

- **Shareholder rights (1 products):** not-direct-shareholder. Issuer says tokens are not stocks/ETFs/ADRs and confer no shareholder voting, statutory information or other shareholder rights, nor rights to hold or receive underlying assets.[^13][^14]

- **Shareholder rights (9 products):** not-direct-shareholder. Issuer describes economic exposure without shareholder voting, statutory information or other shareholder rights.[^14]

- **Dividend treatment (10 products):** reinvested. Underlying dividends are reinvested into the referenced stock rather than paid in cash. Ethereum reflects changes in economic exposure per token in token pricing; supported BNB and Solana clients apply display scaling with corresponding price-per-displayed-unit adjustment, without changing raw onchain units or exposure through display adjustment. HyperEVM and Robinhood Chain accounting remains unknown. Family-documented treatment, not an observed dividend event.[^15][^16][^13][^42][^41]

#### Robinhood RHJ

Products and full observation metadata: [AAPL](/stocks/instruments/apple-robinhood-aapl.json), [AMZN](/stocks/instruments/amazon-robinhood-amzn.json), [COIN](/stocks/instruments/coinbase-robinhood-coin.json), [GOOGL](/stocks/instruments/alphabet-class-a-robinhood-googl.json), [META](/stocks/instruments/meta-robinhood-meta.json), [MSFT](/stocks/instruments/microsoft-robinhood-msft.json), [NFLX](/stocks/instruments/netflix-robinhood-nflx.json), [NVDA](/stocks/instruments/nvidia-robinhood-nvda.json), [TSLA](/stocks/instruments/tesla-robinhood-tsla.json).

- **Legal issuer (9 products):** Robinhood Assets (Jersey) Limited. Jersey private limited company, registration 162428; LEI 984500ADFHQZ9D6B9A29. Issuer and tokenizer of the RHJ programme; not Robinhood Europe, UAB and not Ondo.[^63][^61][^62]

- **Structure (9 products):** Tokenised secured limited-recourse debt securities linked to underlying securities. Economic exposure, not direct ownership. Securities-ledger contracts on Robinhood Chain. Backing/collateral and permitted underlying lending are subject to programme and Final Terms; FAQ 1:1 language is not an independent backing audit or a guarantee against insolvency.[^65][^62][^66]

- **Shareholder rights (9 products):** not-direct-shareholder. Investors have debt-security rights against RHJ, not legal or beneficial rights in or against the underlying issuer; no direct voting/underlying shareholder rights. Final Terms describe limited recourse to proceeds of collateral and conditional redemption, not unrestricted in-kind redemption.[^64][^65][^62][^67]

- **Dividend treatment (9 products):** reinvested. RHJ FAQ says cash is not distributed: underlying dividends are reinvested and the multiplier increases. Prospectus Condition 10 uses net amounts after applicable fees/costs/withholding/taxes and purchase of additional underlyings. Series applicability and corporate-action adjustments remain subject to Final Terms; not evidence that each stock currently pays dividends. Not Classic Stock Tokens cash accounting.[^64][^62][^59]

#### Coinbase

Products and full observation metadata: [TSLAc](/stocks/instruments/tesla-coinbase-tokenized-stocks-tslac.json), [GOOGLc](/stocks/instruments/alphabet-class-a-coinbase-tokenized-stocks-googlc.json), [NFLXc](/stocks/instruments/netflix-coinbase-tokenized-stocks-nflxc.json), [NVDAc](/stocks/instruments/nvidia-coinbase-tokenized-stocks-nvdac.json), [METAc](/stocks/instruments/meta-coinbase-tokenized-stocks-metac.json), [MSFTc](/stocks/instruments/microsoft-coinbase-tokenized-stocks-msftc.json), [AAPLc](/stocks/instruments/apple-coinbase-tokenized-stocks-aaplc.json), [AMZNc](/stocks/instruments/amazon-coinbase-tokenized-stocks-amznc.json).

- **Legal issuer (8 products):** Coinbase Onchain SPV Ltd. ADGM-incorporated private company; distinct from Coinbase Global, Inc. (COIN), the corporate parent described in prospectus background.[^52][^57]

- **Structure (8 products):** Certificates over shares representing a pro rata beneficial interest in deposited property held on trust. Issuer/API describes initially 1:1 interests with shares held in segregated custody at a regulated broker-dealer. Ratio may change for reinvestment, fees, taxes and other corporate actions. Apple prospectus classifies Certificates representing certain Financial Instruments under paragraph 92, Schedule 1 FSMR; legal register maintained by Onchain Marketplace Ltd as CSD controls legal title, not token possession alone. No reserve verification.[^52][^57]

- **Shareholder rights (8 products):** not-direct-shareholder. Not a direct investment in underlying shares and no direct underlying voting rights. Reviewed Apple/other prospectus terms distinguish Vested and Unvested holders: registered ownership of certificates and direct exercise of redemption/other rights require vesting, compliance and issuer recognition. Issuer may endeavour to vote underlying on timely written Vested-holder instructions, subject to applicable law, practical limits, issuer constitution and terms; not guaranteed proxy voting and not direct shareholder status. Primary creation/redemption operational routes involve Authorized Participants.[^57][^56][^52]

- **Dividend treatment (8 products):** reinvested. Current operating descriptions say distributions generally reinvest after applicable taxes, fees and expenses, reflected through multiplier/share-to-token ratio, not raw token-count increases or direct cash dividends. Applicable prospectus terms permit reinvestment, sale, retention as deposited property, or other ratio adjustments at issuer determination. Not an unconditional promise for all events or claim every stock pays dividends.[^52][^55][^57]

#### Reality

Products and full observation metadata: [rTSLA](/stocks/instruments/tesla-reality-rtsla.json), [rNVDA](/stocks/instruments/nvidia-reality-rnvda.json), [rAAPL](/stocks/instruments/apple-reality-raapl.json), [rAMZN](/stocks/instruments/amazon-reality-ramzn.json), [rMETA](/stocks/instruments/meta-reality-rmeta.json), [rHOOD](/stocks/instruments/robinhood-reality-rhood.json), [rGOOGL](/stocks/instruments/alphabet-class-a-reality-rgoogl.json), [rMSFT](/stocks/instruments/microsoft-reality-rmsft.json), [rCOIN](/stocks/instruments/coinbase-reality-rcoin.json), [rNFLX](/stocks/instruments/netflix-reality-rnflx.json).

- **Legal issuer (10 products):** BG El Salvador, S.A. de C.V.. Terms definitions identify issuer for an rToken Series unless another issuer is specified in series details; registration PSAD-0047 is an issuer assertion.[^70][^69]

- **Structure (10 products):** Tokenized debt instrument; unsecured contractual claim against issuer. September Terms sections 7 and 10: not shares, no direct/beneficial ownership, trust or security interest in underlying assets absent express series terms. Custody records do not establish holder-benefit segregation. Earlier UI 1:1/segregated-custody statements do not amend rights (section 1.4).[^70][^69]

- **Shareholder rights (10 products):** not-direct-shareholder. No direct share ownership, voting, information or direct underlying dividend rights. Redemption/sale claims are contractual and subject to series terms, eligibility, sanctions/KYC, deductions, suspension, settlement and issuer credit risk. Not unconditional delivery of real shares.[^70]

- **Dividend treatment (10 products):** Unknown. Terms section 12 permits net attributable-income distributions to eligible holders under notices, automatic or claim-based, after deductions; asset/currency/method can vary by series and notice. Bitget account FAQ describes automatic net USDT credits and 30% default withholding; that is platform-scoped, not universal self-custody cash-distributed/reinvested evidence. No forced dividend enum.[^70][^71]

#### Backpack

Products and full observation metadata: [HOOD.US](/stocks/instruments/robinhood-backpack-hood-us.json), [AAPL.US](/stocks/instruments/apple-backpack-aapl-us.json), [AMZN.US](/stocks/instruments/amazon-backpack-amzn-us.json), [GOOGL.US](/stocks/instruments/alphabet-class-a-backpack-googl-us.json), [META.US](/stocks/instruments/meta-backpack-meta-us.json), [MSFT.US](/stocks/instruments/microsoft-backpack-msft-us.json), [NFLX.US](/stocks/instruments/netflix-backpack-nflx-us.json), [NVDA.US](/stocks/instruments/nvidia-backpack-nvda-us.json), [TSLA.US](/stocks/instruments/tesla-backpack-tsla-us.json).

- **Legal issuer (9 products):** Trek Nexus Markets Ltd. Issuer Terms name a BVI business company or issuing affiliate; not Trek Labs exchange operator, Trek Forge beneficiary, or underlying company. No independently verified affiliate-per-series allocation.[^75]

- **Structure (9 products):** Digital receipts evidencing potential pro-rata entitlement under separate bare trusts. Issuer Terms p1 and clauses 1.7,1.18: trust created solely by June 6 Instrument; Trek Forge/nominee is sole recognized beneficiary while exchange supports tokens unless a Direct Redemption Contingency occurs and register is updated. Token withdrawal alone does not confer beneficiary/redemption rights. Marketing real ownership refers also to a different traditional UCC Article 8 account model.[^75][^74][^76]

- **Shareholder rights (9 products):** not-direct-shareholder. Ordinary wallet token holding is not direct underlying shareholder ownership. Issuer Terms 1.18 restrict beneficiary recognition to Trek Forge until contingency/register update, with KYC/KYT/evidentiary requirements. Clause 3.9 allows recognized Tokenholder voting instructions subject to limits, so do NOT simplify to no voting under every circumstance. Brokerage securities rights are separate.[^75][^74][^76]

- **Dividend treatment (9 products):** reinvested. Issuer Terms 3.7 requires allocation of received distributions into additional underlying approved assets, net of fees/withholdings unless otherwise agreed; token overview says token dividends reinvested and corporate actions via proportional/rebasing balance adjustment. Not a claim that every stock pays dividends, that every holder is a direct beneficiary, or that traditional cash USD payouts apply to tokens.[^75][^74]

#### Dinari

Products and full observation metadata: [Apple Inc. Common Stock (Dinari dShare)](/stocks/instruments/apple-dinari.json), [Amazon.com, Inc. Common Stock (Dinari dShare)](/stocks/instruments/amazon-dinari.json), [Alphabet Inc. Class A Common Stock (Dinari dShare)](/stocks/instruments/alphabet-class-a-dinari.json), [Meta Platforms, Inc. Class A Common Stock (Dinari dShare)](/stocks/instruments/meta-dinari.json), [Microsoft Corporation Common Stock (Dinari dShare)](/stocks/instruments/microsoft-dinari.json), [Netflix, Inc. Common Stock (Dinari dShare)](/stocks/instruments/netflix-dinari.json), [NVIDIA Corporation Common Stock (Dinari dShare)](/stocks/instruments/nvidia-dinari.json), [Tesla, Inc. Common Stock (Dinari dShare)](/stocks/instruments/tesla-dinari.json), [Coinbase Global, Inc. Class A Common Stock (Dinari dShare)](/stocks/instruments/coinbase-dinari.json), [Robinhood Markets, Inc. Class A Common Stock (Dinari dShare)](/stocks/instruments/robinhood-dinari.json).

- **Legal issuer (10 products):** Unknown. U.S. brokerage stock positions and non-U.S. wrapper programs differ. Public Stock.tokens registry does not bind this address to a legal program, native/wrapped form or governing rights. Published stock/token association only, not a verified native deployment.[^84][^83][^82][^85]

- **Structure (10 products):** Unknown. U.S. brokerage stock positions and non-U.S. wrapper programs differ. Public Stock.tokens registry does not bind this address to a legal program, native/wrapped form or governing rights. Published stock/token association only, not a verified native deployment.[^84][^83][^82][^85]

- **Shareholder rights (10 products):** Unknown. U.S. brokerage stock positions and non-U.S. wrapper programs differ. Public Stock.tokens registry does not bind this address to a legal program, native/wrapped form or governing rights. Published stock/token association only, not a verified native deployment.[^84][^83][^82][^85]

- **Dividend treatment (10 products):** Unknown. U.S. brokerage stock positions and non-U.S. wrapper programs differ. Public Stock.tokens registry does not bind this address to a legal program, native/wrapped form or governing rights. Published stock/token association only, not a verified native deployment.[^84][^83][^82][^85]

#### Securitize CET

Products and full observation metadata: [AAPL](/stocks/instruments/apple-securitize-stocks-aapl.json), [AMZN](/stocks/instruments/amazon-securitize-stocks-amzn.json), [GOOGL](/stocks/instruments/alphabet-class-a-securitize-stocks-googl.json), [META](/stocks/instruments/meta-securitize-stocks-meta.json), [MSFT](/stocks/instruments/microsoft-securitize-stocks-msft.json), [NFLX](/stocks/instruments/netflix-securitize-stocks-nflx.json), [NVDA](/stocks/instruments/nvidia-securitize-stocks-nvda.json), [TSLA](/stocks/instruments/tesla-securitize-stocks-tsla.json).

- **Legal issuer (8 products):** Unknown. Securitize Markets, LLC is the securities intermediary, not an established separate legal token issuer. Underlying company is not the CET issuer.[^78][^79]

- **Structure (7 products):** convertible-security-entitlement. UCC Article 8 security entitlements backed 1:1 by underlying shares. CET conversion to actual registered shares is conditional on issuer adoption/availability, not automatic.[^79]

- **Structure (1 products):** convertible-security-entitlement. UCC Article 8 security entitlements backed 1:1 by underlying shares. CET conversion to actual registered shares is conditional on issuer adoption/availability, not automatic. Registry identifies GOOGL/Class A (ISIN US02079K3059), while launch announcement says GOOG. Announcement program text is quarantined; no GOOG/Class C identity or address is created.[^79][^78]

- **Shareholder rights (8 products):** not-direct-shareholder. Final announcement disclosure expressly says holders are not registered shareholders unless they convert, and underlying issuers have not sponsored/endorsed CETs. Applicable voting rights only where underlying class carries them. This disclosure takes precedence over homepage/app blanket ownership language.[^79][^78][^81]

- **Dividend treatment (8 products):** Unknown. Applicable dividend entitlements are described, but cash/reinvestment mechanics are not established.[^78][^79]

## Methods and observation dates

An underlying is the stock or share class represented. A product is a provider-specific instrument. A deployment is its chain-specific contract or mint. Provider counts include only programs with a product in the analyzed set, not every registered program.

Capitalization is counted once per mapped instrument and CoinGecko coin, never multiplied by deployments. Provider and underlying shares use only measured token capitalization. Partial totals include only available observations; unavailable is not zero. An instrument counts once on each chain where it appears, so chain counts overlap and do not measure capital or liquidity.

RWA.xyz distributed value, platform total value and CoinGecko reported circulating market cap are distinct measures. Rounded platform figures are not used to compute exact market shares, a residual Other category or sample penetration. RWA.xyz total asset value uses total supply and NAV per token; circulating market cap uses circulating supply and market price.[^2]

Yahoo Finance stock prices are regular-market USD quotes; stock caps are reported equity capitalizations, not token caps. Share-class capitalization methodology is not independently confirmed. Stock cap effective dates can be unknown and remain null. No company equity caps are summed into token capitalization.

These are cross-sectional observations, not a historical growth series or live executable quotes. Token-to-stock price ratios are omitted: off-hours quotes, token units and different legal claims do not by themselves demonstrate a premium or discount.

Source asOf is the effective date supplied by the financial source; observedAt is retrieval completion. Product source checkedAt is consultation time, not publication or build time. Missing effective dates remain unknown. Source support describes a particular claim, not whole-contract safety or an independent reserve audit.

| Observation | Source effective dates | Retrieved | Available | Available with unknown effective date |
| --- | --- | --- | --- | --- |
| stockPrice | 2026-10-30T20:00:00.000Z–2026-10-30T20:00:01.000Z | 2026-11-01T11:42:05.165Z–2026-11-01T11:42:25.434Z | 10 | 0 |
| stockCap | Unknown | 2026-11-01T11:42:05.165Z–2026-11-01T11:42:25.434Z | 10 | 10 |
| tokenPrice | 2026-10-31T08:02:13.000Z–2026-11-01T11:41:55.000Z | 2026-11-01T11:42:25.738Z | 74 | 0 |
| tokenCap | 2026-10-31T08:02:13.000Z–2026-11-01T11:41:55.000Z | 2026-11-01T11:42:25.738Z | 74 | 0 |

Market value as of 2026-11-01. Product sources consulted 2026-10-31T11:15:49.237206Z–2026-10-31T19:39:43.967467+00:00. Unknown dates are not replaced with publication dates. [Product evidence methodology](/methodology.md).

## References

[^1]: [RWA.xyz — Tokenized Stocks](https://app.rwa.xyz/stocks) — dated: 2026-11-01; consulted: 2026-11-01T14:45:09Z.

[^2]: [RWA.xyz — Market cap and total value](https://docs.rwa.xyz/methodology/market-cap-and-total-value) — dated: unknown; consulted: 2026-11-01T14:45:09Z.

[^3]: [Tokenized Stocks: The Venue Landscape](https://coinmarketcap.com/events/tokenized-stocks-cex-vs-onchain/) — dated: 2026-06-23; consulted: 2026-11-01T14:45:54Z.

[^4]: [Bitget Launches rToken Stock Transfer](https://www.bitget.com/blog/articles/bitget-rtoken-stock-transfer) — dated: 2026-10-13; consulted: 2026-11-01T14:45:54Z.

[^5]: [Statement on Tokenized Securities](https://www.sec.gov/newsroom/speeches-statements/corp-fin-statement-tokenized-securities-012826-statement-tokenized-securities) — dated: 2026-01-28; consulted: 2026-11-01T14:47:47Z.

[^6]: [xStocks frequently asked questions](https://support.kraken.com/articles/xstocks-faq) — dated: unknown; consulted: 2026-11-01T14:45:54Z.

[^7]: [MetaMask Integrates Hundreds of Ondo Tokenized U.S. Stocks and ETFs](https://ondo.finance/blog/metamask-integrates-ondo-global-markets) — dated: 2026-02-03; consulted: 2026-11-01T14:45:55Z.

[^8]: [Apple xStock - Backed Assets](https://assets.backed.fi/products/apple-xstock) — consulted: 2026-10-31T11:15:54Z; scope: instrument.

[^9]: [Product Legal Overview \| xStocks Docs](https://docs.xstocks.fi/docs/product-legal-overview) — consulted: 2026-10-31T11:15:54Z; scope: issuer-family.

[^10]: [Frequently Asked Questions \| xStocks Docs](https://docs.xstocks.fi/docs/frequently-asked-questions) — consulted: 2026-10-31T11:15:54Z; scope: issuer-family.

[^11]: [Dividends and Stock Splits \| xStocks Docs](https://docs.xstocks.fi/docs/dividends-and-stock-splits) — consulted: 2026-10-31T11:16:05Z; scope: issuer-family.

[^12]: [Ondo Tokenized Stocks List — tokenlist.json](https://raw.githubusercontent.com/ondoprotocol/ondo-global-markets-token-list/main/tokenlist.json) — consulted: 2026-10-31T11:15:49.237206Z; scope: instrument.

[^13]: [AAPLon: Apple (Ondo Tokenized) \| Ondo](https://app.ondo.finance/assets/aaplon) — consulted: 2026-10-31T11:16:10Z; scope: instrument.

[^14]: [Overview \| Ondo Stocks](https://docs.ondo.finance/ondo-stocks/overview) — consulted: 2026-10-31T11:16:43Z; scope: issuer-family.

[^15]: [Corporate Actions \| Ondo Stocks](https://docs.ondo.finance/ondo-stocks/corporate-actions) — consulted: 2026-10-31T11:16:10Z; scope: issuer-family.

[^16]: [Token & Quote Pricing \| Ondo Stocks](https://docs.ondo.finance/ondo-stocks/token-and-quote-pricing) — consulted: 2026-10-31T11:16:43Z; scope: issuer-family.

[^17]: [Get Contract Addresses for an Asset \| Ondo](https://docs.ondo.finance/api-reference/assets/get-contract-addresses-for-an-asset) — consulted: 2026-10-31T11:16:10Z; scope: issuer-family.

[^18]: [Get Metadata for All Supported Assets \| Ondo](https://docs.ondo.finance/api-reference/assets/get-metadata-for-all-supported-assets) — consulted: 2026-10-31T11:16:43Z; scope: issuer-family.

[^19]: [Ondo Tokenized Stocks List](https://raw.githubusercontent.com/ondoprotocol/ondo-global-markets-token-list/main/tokenlist.json) — consulted: 2026-10-31T12:58:48.193519Z; scope: instrument.

[^20]: [Microsoft xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/MSFTx) — consulted: 2026-10-31T13:20:50.961423+00:00; scope: instrument.

[^21]: [NVIDIA xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/NVDAx) — consulted: 2026-10-31T13:20:51.320378+00:00; scope: instrument.

[^22]: [Amazon.com xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/AMZNx) — consulted: 2026-10-31T13:20:51.632650+00:00; scope: instrument.

[^23]: [Alphabet xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/GOOGLx) — consulted: 2026-10-31T13:20:52.056305+00:00; scope: instrument.

[^24]: [Meta xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/METAx) — consulted: 2026-10-31T13:20:52.382081+00:00; scope: instrument.

[^25]: [Tesla xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/TSLAx) — consulted: 2026-10-31T13:20:53.081684+00:00; scope: instrument.

[^26]: [Netflix xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/NFLXx) — consulted: 2026-10-31T13:20:53.622444+00:00; scope: instrument.

[^27]: [Coinbase xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/COINx) — consulted: 2026-10-31T13:20:54.156179+00:00; scope: instrument.

[^28]: [Robinhood xStock — xStocks public asset API](https://api.xstocks.fi/api/v2/public/assets/HOODx) — consulted: 2026-10-31T13:20:54.479953+00:00; scope: instrument.

[^29]: [AAPLx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/AAPLx) — consulted: 2026-10-31T14:24:53.732812+00:00; scope: instrument.

[^30]: [MSFTx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/MSFTx) — consulted: 2026-10-31T14:24:53.791030+00:00; scope: instrument.

[^31]: [NVDAx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/NVDAx) — consulted: 2026-10-31T14:24:53.920085+00:00; scope: instrument.

[^32]: [AMZNx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/AMZNx) — consulted: 2026-10-31T14:24:53.969760+00:00; scope: instrument.

[^33]: [GOOGLx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/GOOGLx) — consulted: 2026-10-31T14:24:54.018110+00:00; scope: instrument.

[^34]: [METAx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/METAx) — consulted: 2026-10-31T14:24:54.072386+00:00; scope: instrument.

[^35]: [TSLAx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/TSLAx) — consulted: 2026-10-31T14:24:54.257050+00:00; scope: instrument.

[^36]: [NFLXx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/NFLXx) — consulted: 2026-10-31T14:24:54.309195+00:00; scope: instrument.

[^37]: [COINx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/COINx) — consulted: 2026-10-31T14:24:54.439296+00:00; scope: instrument.

[^38]: [HOODx: xStocks public asset API multichain record](https://api.xstocks.fi/api/v2/public/assets/HOODx) — consulted: 2026-10-31T14:24:54.493893+00:00; scope: instrument.

[^39]: [xStocks family: dividends](https://docs.xstocks.fi/docs/dividends-and-stock-splits.md) — consulted: 2026-10-31T14:25:26.171874+00:00; scope: issuer-family.

[^40]: [xStocks family: multipliers](https://docs.xstocks.fi/developers/multipliers.md) — consulted: 2026-10-31T14:25:26.121641+00:00; scope: issuer-family.

[^41]: [Ondo Stocks family: pricing](https://docs.ondo.finance/ondo-stocks/token-and-quote-pricing.md) — consulted: 2026-10-31T14:25:10.123042+00:00; scope: issuer-family.

[^42]: [Ondo Stocks family: actions](https://docs.ondo.finance/ondo-stocks/corporate-actions.md) — consulted: 2026-10-31T14:25:10.313754+00:00; scope: issuer-family.

[^43]: [Ondo Stocks family: addresses](https://docs.ondo.finance/addresses.md) — consulted: 2026-10-31T14:25:25.125221+00:00; scope: issuer-family.

[^44]: [Ondo Stocks — published token list](https://raw.githubusercontent.com/ondoprotocol/ondo-global-markets-token-list/a857ae3573576d0b9992a2867132941de9c651b4/tokenlist.json) — consulted: 2026-10-31T14:25:09.797576+00:00; scope: issuer-family.

[^45]: [Ondo GM Tokens CSV linked by issuer address documentation](https://www.dropbox.com/scl/fi/qjfxyg748mx0dwi6up86d/EXTERNAL-Ondo-GM-Tokens-Ondo-GM-Tokens.csv?rlkey=n3no1w78wrah3umsl0nr9s77i&e=2&st=spdit2q1&dl=1) — consulted: 2026-10-31T14:25:50.387147+00:00; scope: issuer-family.

[^46]: [bStocks website public tokenised-asset catalogue](https://www.bstocks.finance/bapi/asset/v2/public/asset/asset/get-tokenised-asset) — consulted: 2026-10-31T18:55:16.289359Z; scope: issuer-family.

[^47]: [bStocks official website](https://www.bstocks.finance/en/) — consulted: 2026-10-31T18:51:13.685322Z; scope: issuer-family.

[^48]: [bStocks official FAQ](https://www.bstocks.finance/en/faq) — consulted: 2026-10-31T18:51:55.803889Z; scope: issuer-family.

[^49]: [bStocks integration and restrictions](https://www.bstocks.finance/en/integration) — consulted: 2026-10-31T18:51:54.658651Z; scope: issuer-family.

[^50]: [NVIDIA bStocks prospectus (11 June 2026)](https://bin.bnbstatic.com/static/bstocks/prospectus/btech-holdings-prospectus-11-june-nvidia-bstocks.pdf) — consulted: 2026-10-31T18:55:18.842254Z; scope: instrument.

[^51]: [BNB Chain official BSC mainnet configuration](https://docs.bnbchain.org/bnb-smart-chain/developers/wallet-configuration/) — consulted: 2026-10-31T18:56:05.246475Z; scope: issuer-family.

[^52]: [Coinbase public Tokenized Stocks API, page\_size=500](https://api.coinbase.com/v1/tokenized-stocks?page_size=500) — consulted: 2026-10-31T18:52:16.816970Z; scope: issuer-family.

[^53]: [Coinbase protocol chain registry](https://api.coinbase.com/v1/tokenized-stocks/chains) — consulted: 2026-10-31T18:52:17.012469Z; scope: issuer-family.

[^54]: [List Tokenized Stocks API schema and pagination](https://docs.base.org/sdks/tokenized-stocks/api-reference/list-tokenized-stocks.md) — consulted: 2026-10-31T18:51:53.855616Z; scope: issuer-family.

[^55]: [Base stock integration / B20 multiplier semantics](https://docs.base.org/build-on-base/integrate-defi/list-tokenized-stocks.md) — consulted: 2026-10-31T18:52:17.181821Z; scope: issuer-family.

[^56]: [Coinbase Tokenize product and FAQ](https://www.coinbase.com/tokenize) — consulted: 2026-10-31T18:53:47.929121Z; scope: issuer-family.

[^57]: [Apple Inc. CB Certificates prospectus](https://api.coinbase.com/v1/tokenized-stocks/prospectus/AAPLc.pdf) — consulted: 2026-10-31T18:53:08.379809Z; scope: instrument.

[^58]: [Robinhood RHJ public bulk assets registry](https://api.robinhood.com/rhj/assets) — consulted: 2026-10-31T18:52:02.977054+00:00; scope: issuer-family.

[^59]: [Docs Building](https://docs.robinhood.com/chain/building-with-stock-tokens/) — consulted: 2026-10-31T18:51:21.043733+00:00; scope: issuer-family.

[^60]: [Docs Connecting](https://docs.robinhood.com/chain/connecting/) — consulted: 2026-10-31T18:52:03.043216+00:00; scope: issuer-family.

[^61]: [Docs Overview](https://docs.robinhood.com/chain/stock-tokens/) — consulted: 2026-10-31T18:52:03.051452+00:00; scope: issuer-family.

[^62]: [RHJ Base Prospectus — tokenised products programme](https://cdn.robinhood.com/assets/robinhood/legal/rhj_base_prospectus.pdf) — consulted: 2026-10-31T18:53:17.789707+00:00; scope: issuer-family.

[^63]: [Rhj](https://docs.robinhood.com/rhj/) — consulted: 2026-10-31T18:52:20.417790+00:00; scope: issuer-family.

[^64]: [Rhj Faq](https://docs.robinhood.com/rhj/faq/) — consulted: 2026-10-31T18:52:43.420488+00:00; scope: issuer-family.

[^65]: [Rhj Product](https://docs.robinhood.com/rhj/product/) — consulted: 2026-10-31T18:52:43.418912+00:00; scope: issuer-family.

[^66]: [Terms Aapl](https://cdn.robinhood.com/assets/robinhood/legal/rhj_final_terms_for_tokenised_debt_securities_linked_to_apple.pdf) — consulted: 2026-10-31T18:56:24.842008+00:00; scope: instrument.

[^67]: [Terms Spcx](https://cdn.robinhood.com/assets/robinhood/legal/rhj_final_terms_for_tokenised_debt_securities_linked_to_space_exploration_technologies_corp.pdf) — consulted: 2026-10-31T18:53:17.899242+00:00; scope: instrument.

[^68]: [Reality official supported assets and per-network token registry](https://api.realityfinance.xyz/api/v1/rwa/assets/tickers) — consulted: 2026-10-31T19:17:24.990840Z; scope: issuer-family.

[^69]: [Reality published issuer/structure disclosure component](https://realityfinance.xyz/rwa-static/client/js/components-FooterDisclosureSection.1abc5145be31c56d181d.chunk.js) — consulted: 2026-10-31T19:16:05.483033Z; scope: issuer-family.

[^70]: [Reality Terms and Conditions, updated 11 September 2026](https://realityfinance.xyz/info/Terms_of_Service.pdf) — consulted: 2026-10-31T19:17:57.861922Z; scope: issuer-family.

[^71]: [Bitget institutional rToken FAQ](https://www.bitget.com/academy/bitget-rtoken-faq) — consulted: 2026-10-31T19:14:59.631041Z; scope: issuer-family.

[^72]: [Morph official wallet setup / mainnet configuration](https://docs.morph.network/docs/quick-start/wallet-setup) — consulted: 2026-10-31T19:19:19.300447Z; scope: issuer-family.

[^73]: [Backpack-issued tokenized securities asset universe](https://backpack.exchange/tokenized-stocks/assets) — consulted: 2026-10-31T19:13:08.165945Z; scope: issuer-family.

[^74]: [Backpack tokenized securities ownership-model overview](https://support.backpack.exchange/backpack-securities/tokenized-securities) — consulted: 2026-10-31T19:13:08.586071Z; scope: issuer-family.

[^75]: [Backpack Securities Issuer Terms and Conditions, effective 10 June 2026](https://drive.google.com/uc?export=download&id=1stJoNwPAOaHDbFmL72OGSkAxyCf-_RCo) — consulted: 2026-10-31T19:15:31.329368Z; scope: issuer-family.

[^76]: [Backpack real ownership and legal framework](https://support.backpack.exchange/backpack-securities/real-ownership-and-legal-framework) — consulted: 2026-10-31T19:14:07.370650Z; scope: issuer-family.

[^77]: [Backpack public asset metadata registry](https://api.backpack.exchange/api/v1/assets) — consulted: 2026-10-31T19:19:58.937896Z; scope: issuer-family.

[^78]: [Securitize Stocks](https://stocks.securitize.io/) — consulted: 2026-10-31T19:13:27.144220+00:00; scope: issuer-family.

[^79]: [Securitize Launch](https://investors.securitize.io/news/news-details/2026/Securitize-Launches-Global-Onchain-Trading-of-U-S--Stocks-with-Security-Entitlements/) — consulted: 2026-10-31T19:13:27.690271+00:00; scope: issuer-family.

[^80]: [Securitize Aapl](https://stocks.securitize.io/asset/AAPL) — consulted: 2026-10-31T19:14:15.048900+00:00; scope: issuer-family.

[^81]: [Securitize App Js](https://stocks.securitize.io/assets/app-D3SJYq6H.js) — consulted: 2026-10-31T19:18:16.545526+00:00; scope: issuer-family.

[^82]: [Dinari, Inc. token sale and repurchase terms (12.26.25)](https://cdn.prod.website-files.com/656fd13bce08f2dc3bc50573/695ee673aa80e179e884fafc_Dinari-dShares-Terms-and-Conditions-Revised-12-26-25-CLEAN-with-links.pdf) — consulted: 2026-10-31T18:53:01.931978+00:00; scope: issuer-family.

[^83]: [Dinari Securities U.S. general disclosures (page says October 10, 2026)](https://dinari.com/us/disclosures) — consulted: 2026-10-31T18:52:31.221747+00:00; scope: issuer-family.

[^84]: [Dinari public stock inventory page](https://app.dinari.com/api/dinari/market/stocks?limit=25) — consulted: 2026-10-31T19:38:05.265Z; scope: issuer-family.

[^85]: [Dinari public stock inventory page](https://app.dinari.com/api/dinari/market/stocks?limit=25&next=Pmk6Nzc%3D.5f83002a47c10269) — consulted: 2026-10-31T19:39:43.967467+00:00; scope: issuer-family.

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