DeFi· ★★★· neutral·

Only 10.7% of tokenized stock market cap is issuer-sponsored, Token Terminal says

  • —Synthetics account for 89.3% of the $3.7–3.8 billion tokenized equity market
  • —Alpaca custodies roughly 83.5% of the sector
  • —Securitize added over $250M in market cap in the 30 days to late September
  • —Securitize launched Solana-based CETs on October 8 for AAPL, MSFT, NVDA and CRCL
Why it matters: Investors should check what a token actually represents: synthetics offer price exposure without voting rights or direct dividend claims.
Source: Crypto Briefing