Issuers
Every organization issuing tokenized stocks on-chain. Issuers differ in legal structure, redeemability, and which chains they deploy to — the same ticker can exist as several different tokens.
Tokenized US stocks and ETFs (plus Hong Kong listings) issued by Backed Assets (JE) Limited, a Jersey entity of Swiss-origin Backed Finance. Each xStock is a tracker certificate 1:1 collateralized by the underlying security held with regulated custodians. Acquired by Kraken in December 2025. The largest tokenized-equity catalog: 700+ tickers across 11 chains, tradable 24/7 on Kraken, Bybit, Gate.io and DeFi venues (Jupiter, Raydium, PancakeSwap, CoW Swap).
Tokenized US stocks and ETFs (rebranded 'Ondo Stocks' in July 2026) backed 1:1 by real shares, with mint/redeem routed to NASDAQ/NYSE liquidity via Primary Purchasers rather than DEX pools. 430+ assets across Ethereum, BNB Chain and Solana with roughly $1B TVL by mid-2026. Compliance is enforced at the token level (Token-2022 transfer hooks on Solana, allowlists on EVM).
Robinhood Europe UAB launched tokenized US stocks and ETFs for EU/EEA users on Arbitrum in June 2025 ('Classic Stock Tokens', 2,000+ app-custodied tokens). In July 2026, Robinhood Chain (an Arbitrum Orbit L2) went live with a new generation of ~194 self-custodiable, 24/7-tradable Stock Tokens available in 120+ countries — structured as debt securities backed by shares held by Robinhood, with dividend pass-through but cash-only settlement.
dShares are ERC-20 tokens 1:1 backed by US stocks and ETFs held at a regulated custodian brokerage, minted and burned only against completed brokerage orders. Dinari, Inc. is an SEC-registered transfer agent and Dinari Securities LLC a FINRA-member broker-dealer — in August 2026 Dinari became the first to open tokenized US stock trading to eligible US investors, covering all S&P 500 share classes. Also powers Gemini's tokenized stocks for EU users.
Backpack's securities platform (launched June 2026) pairs a US-regulated brokerage with 24/7 tokenized US stock trading on Solana in 150+ markets. Tokenized securities are issued on Solana in partnership with Sunrise, with conversion between brokerage and on-chain form via the platform.
Pre-IPO tokenized exposure on Solana: tokens backed 1:1 by SPV exposure tracking private-company share prices (SpaceX, OpenAI, Anthropic, xAI, Anduril, Kalshi, Polymarket and more). Tradable 24/7 on Solana DEXs; roughly 78% of tokenized pre-IPO volume in H1 2026.
Issues actual SEC-registered public-company shares natively on-chain — not wrappers or derivatives — with Superstate acting as registered transfer agent recording ownership on-chain in real time. Live listings include Galaxy Digital (GLXY), SharpLink Gaming (SBET), Forward Industries (FWDI), Exodus (EXOD) and Solana Company (HSDT).
BaFin-regulated German platform whose issuer SwarmX GmbH offers prospectus-based tokenized stocks (AAPL, TSLA, NVDA, MSFT, COIN and others) and bonds, primarily on Polygon with an open dOTC protocol. Acquired by Inveniam in February 2026.
SEC-registered transfer agent and broker-dealer that tokenized Exodus Movement's common stock (NYSE American: EXOD) — the earliest US public company with registered shares recorded on-chain, originally on Algorand with later Ethereum support. Better known in 2026 for tokenized funds such as BlackRock's BUIDL.
Issuer of tokenized private-company exposure on Solana, including a tokenized OpenAI exposure product (tOpenAI).