DeFi· ★★★· neutral·

Tokenized stocks: holder rights hinge on link to shareholder register

  • —Tokenized stocks total roughly $3.9 billion in market cap, per Token Terminal
  • —Issuer-sponsored tokens can update the shareholder register; synthetic ones track only price
  • —Securitize says holders are not registered shareholders until conversion into shares
  • —Galaxy tokenizes its stock via Superstate, with the register updated on token transfers
Why it matters: Investors must check product structure, since similar-looking tokens carry different legal rights and risks.
Source: TokenPost