Avalanche 拥有 5% 的代币化股票
原文：Avalanche Owns Five Percent of Tokenized Stocks
英文正文：点「译成中文」可整篇机器翻译（免费通道，不花钱），翻好永久缓存、下次秒开。
一个场所，一条链 在过去的一周里，三个美国代币化股票场所选择了三个不同的区块链来启动。 《华尔街日报》周一报道称，纽约证券交易所选择 Avalanche 作为其计划中的 24/7 平台的唯一结算链。 11 月 4 日，$CNTN 成为首个根据 SEC 创新豁免进行交易的美国股票。五 […]
Institutional crypto intel Explore
Chrome Extension Crypto news & price alerts
Live BTCUSD $71,359.90 -4.14% ETHUSD $2,011.64 -2.86% SOLUSD $81.09 -4.13% PYTHUSD $0.0659 0.68% LINKUSD $10.04 -3.08%
Avalanche Owns Five Percent of Tokenized StocksTokenization Briefing • November 12, 2026, 3:02PM EST
AdvertisementQuick Take
One Venue, One Chain
Over this past week, three U.S. tokenized stock venues picked three different blockchains to launch on. The WSJ reported Monday that NYSE chose Avalanche as the sole settlement chain for its planned 24/7 platform. On November 4, $CNTN became the first U.S. equity to trade under the SEC's Innovation Exemption. Five North sold tokenized $CNTN shares to DRW Cumberland on TSV, a permissioned venue on the Canton Network. On Monday, Formation notified the SEC that it will run a venue on Solana, targeting early 2027.
Given the strict regulations surrounding tokenized stocks in the U.S., no venue is going multichain at launch. Besides increasing complexity for regulatory compliance, fracturing activity across different networks would make it difficult to build deep liquidity while staying under the SEC's strict 0.25% average daily volume cap per asset.
The leading chains by tokenized stock volume have benefited from large exchanges launching their own tokenized stock products and leveraging their existing user bases.
- BNB Chain’s surges have been driven by Binance's bStocks
- Base’s rise was driven by Coinbase
- Solana’s volume is largely tied to Kraken’s xStocks
The chains that successfully gain market share will be the ones that attract the biggest platforms and issuers.
Tokenized Stocks Are Tracking Stablecoins’ Early Growth
Tokenized stocks have matched the growth of stablecoins closely. 240 days after crossing $1 billion, stablecoins stood at roughly $4 billion and tokenized stocks stood at $3.7 billion, while tokenized Treasuries were at $2.5 billion at the same point and have since fallen well behind. Although tokenized stocks may not continue at this growth rate, the trend is promising.
The Market Is Widening
The count of tokenized stocks and ETFs worth more than $1 million climbed from three in Jan 2025 to 287 as of Nov 8, across roughly 4,400 tokenized assets and a $3.7 billion market.
Distribution keeps broadening too. HTX launched spot trading in bStocks on Monday with 20 names including NVDA, TSLA, QQQ, and CRCL. Strategy and SpaceX are now the most tokenized issuers by asset count. Our take is that breadth is the healthier signal for a young market, because a long tail of products with real size offers a better user experience than one or two large wrappers.
Subscribe to Tokenization Briefing
Tokenization Briefing
Get 2 days early access to each issue by joining the mailing list.
By signing-up you agree to our Terms of Service and Privacy Policy
More from Tokenization Briefing
Wall Street’s Tokenization Model Takes Shape
Tokenized Credit on Solana Go Crazy
What is Citadel doing with Tokenization?
Tokenization Briefing: 10 Trillion Dollar Tokenization Market?
See all editionsRelated newsletters
The Daily
Never miss a beat with our daily digest of the most influential events happening across the digital asset ecosystem.
Data & Insights
Data & Insights is a weekly newsletter series published every Monday morning, designed to distill complex on-chain metrics, market movements, and institutional trends into actionable visual intelligence.
The Funding
The Funding newsletter covers crypto venture capital, M&A, and the broader institutional crypto market through original reporting and analysis of the trends shaping the industry.
See all newsletters正文由本站服务器抓取保存（已自动过滤广告、推荐位与追踪图片），排版与原站可能不同；版权归原站所有。
