I looked up the quarterly revenue for 11 tokenization companies in 2026. Here was what I found. - @Figure made $393M in the first half alone, and its Q3 results land on 12 November. - @RobinhoodApp chain made $51M in Q3, and $41M of that came in September. - @Securitize's onchain revenue is up 180% since Q1, led by Blockchain Capital's tokenized fund. - @Spiko_finance grew about 10x in one quarter, from $126K to $1.35M - @SteakhouseFi is up 149%, @maplefinance 13% and @centrifuge 10%. - @SuperstateInc is the only one heading the other way, down 39%. Stablecoin issuers are slowing down, while the companies tokenizing real assets are speeding up. The money is starting to follow the assets. Data per @tokenterminal & @DefiLlama.

This article simply explains the utility of the thousand of stocks we have onchain today and how much work they currently do. It’s no news that tokenized stocks are still under utilized and that we still have a long way to regarding this. Stocks pay dividends and different issuers have a unique way of handling it. So far, many issuers either use (1) the multiplier or (2) the rebasing method. the multiplier system doesn’t touch the raw token balance but your multiplier and balance reflects the dividend after being paid. the rebasing system on the other hand does the opposite. In lending systems, what they prefer is former (the multiplier system). It keeps the pool balance in sync since rebasing causes the raw token balance to change at every time dividends are paid. In that light, I looked up stocks are active in DeFi and the statement that DeFi and lending systems prefer multiplier system was confirmed. .@xStocksFi Solana tokens that use the multiplier system have about $111M in DeFi, but their EVM tokens only hold a few milly. @coinbase (B20), @RobinhoodApp and @bstocksfinance all use the ERC-8056 multiplier. Some other data I found. - bStocks traded the most in raw dollars ($4.00B), but on $1.23B of supply. - Coinbase did $2.20B on just $33.6M, the busiest supply of any issuer. The article gives a better picture to all of these.

2.33%. That's the value of Wall Street's tokenization forecast that is onchain today. You may think we are far behind, but here is what happened in this last two years. - October 2024: $6.98B onchain - October 2026: $46.6B onchain - That's +158% a year, faster than McKinsey's $2T target needs. - Tokenized stocks went from $21.5M to $3.99B which is about 185x. - Tokenized treasury funds did +66% in the last year alone. The truth is that every market looks small before it eventually gets big and the TAM of tokenization tells the whole story well. At 2.33%, we haven’t even scratched the surface.

You bought a tokenized stock. What next? Many people just hold it but about $250M of tokenized stocks are already doing more work in DeFi. Here's where each one works 🥇 @xStocksFi: $110.7M in DeFi The most useful stock token onchain right now. 
- Swap and LP on @Raydium, @Uniswap, @orca_so and @MeteoraAG. 
- Borrow against it on @kamino and @JupiterExchange lend. 
- Loop it with Kamino or Jupiter Multiply 
- Earn on @pendle_fi or @krakenfx's xStocks vaults (~2%, paid in the stock). 🥈 @RobinhoodApp: $74.9M 
Almost all of it sits in Uniswap pools on Robinhood chain. - Borrow on @Morpho 
- Trade NVDA and PFE dividends on @pendle_fi 🥉 Binance bStocks (@bstocksfinance): $37.8M 
- @PancakeSwap pools ($35.6M) 
- Borrow stablecoins against TSLAB, NVDAB and SPCXB on @VenusProtocol 4️⃣ @coinbase: $22.5M 
- @aeroxyz pools 
- Borrow on @aave 5️⃣ @Ondo : $3.3M 
The only stock you can use as perps margin. - SPYon and QQQon available on @OndoPerps. 6️⃣ @DinariGlobal: Uniswap pools only.

gm RWAers. ICYMI, here are some of the biggest moves that happened onchain last week across all tokenized assets. - Tokenized stocks grew from $3.80B to $3.99B in five days, adding $192M. - Stock tokens traded $3.0B on DEXs, up 22% week over week. - 109K new holders joined, taking the total to 5.25M. - @bstocksfinance led all issuers with $1.01B in volume, up 78%. - @BNBCHAIN was the top chain at $1.07B, adding $234M in stock value. - @Uniswap was the busiest venue at $778M, while @metricxyz grew fastest (+173%). - NVIDIA on bStocks was the most traded stock token at $266M, up 290%. - Apple on bStocks saw the biggest jump, up 812% to $132M. - SpaceX on bStocks was the biggest gainer, adding $51M in market cap. - @Ondo's trading volume fell 45% while Coinbase's rose 34%. - Tokenized funds dipped $557M to $34.6B. - @Spiko_finance's Amundi fund pulled the biggest inflow at +$67M. - @WisdomTreeFunds's WTGXX saw $167M in outflows. - @tethergold was the most traded commodity token at $66.9M. - Silver (SLVx) and oil (USOon) tokens grew 25% and 16%.

Where can I earn yield on RWAs? Here are 15 ways to earn on tokenized assets, from the boring to the wild ones. - Cash-like income: tokenized T-bills pay ~3.6–4.2%, close to the real 3-month T-bill (4.23%). - Credit and structured yield: private credit 5–19%, reinsurance ~11%, fixed ~5% on Pendle. - DeFi strategies: lend against RWAs, loop stock tokens, earn LP fees. 
- Stocks and real assets: dividends, rent, gold that earns, solar and AI revenue. 
- Speculative: points and airdrops Share it with your friend whose USDC is sleeping.

Let me help you understand how significant this is. This will give an insight on how 2011 first bank shares looked like versus now, and on what the same naira could have become on a different investment path. A thread 🧵.

Every builder needs funding to thrive and build cool stuffs. Here are some of the most recent tokenization related fund-raising rounds completed in October so far. > @FissionXYZ - a $10M series led by @PanteraCapital to improve fast exits from tokenized funds. > @multiliquid_xyz - a $8M pre-seed and seed led by @polychain to enhance tokenized asset to stablecoin swaps. > @SpoutFi - a $2M strategic round from @DraperDragon and others to facilitate 0% loans on tokenized stocks. > @IPXExchange - a $4M seed led by Bitsurge to build tokenized intellectual property (IP). > Zaria systems - a $5.2M seed led by @lightspeedvp to build credit and securitization infrastructure.

7 questions you need to ask yourself before buying or trading any tokenized stock. Makes it easier in choosing the right thing. Happy Friday.

Tokenized stocks now total $3.87B onchain and are spread across 24 issuers and 18 chains. > BNB Chain holds the most value ($1.31B), mostly from Binance's bStocks. > Solana has the most issuers. > The top three issuers (Ondo, bStocks and xStocks) hold about 76% of the market. I have outlined the main issuers below and the chains where they hold the most value. - @Ondo: Ethereum ($680M) - @bstocksfinance: BNB Chain ($982M) - @xStocksFi: Solana ($501M) - @Securitize: Avalanche ($288M) - @RealityFi_xyz: Arbitrum ($152M) - @RobinhoodApp: Robinhood Chain ($139M) - @joinrepublic: Solana ($76.6M) - @superstatefunds: Solana ($52.6M) - @coinbase: Base ($33.4M) - @Backpack: Solana ($30.0M) - @PreStocks: Solana ($21.2M) - NYALA Digital Asset: Stellar ($17.1M) - @reserveprotocol: BNB Chain ($15.0M) - @DinariGlobal: Arbitrum ($11.7M) - @ShiftRWA: Solana ($5.7M) - @centrifuge: Base ($4.0M) - @Tessera_PE: Solana ($2.5M) - @st0x_io: Base ($1.1M) - @SwarmMarkets: Polygon ($794K) - @AnchoredFi: Monad ($518K) - @stoveprotocol: BNB Chain ($92K) - @StableStock: BNB Chain ($9K)

Have you seen this? good way to start your Thursday.

Positive catalysts that could push us to hit that figure by 2030. (this list contains catalysts already initiated). - @The_DTCC tokenization service. - SEC approved Nasdaq tokenized stock trading - SEC innovation exemption for onchain stock trading - SEC/CFTC joint guidance on tokenized securities - CFTC lets futures brokers hold customer funds in tokenized Treasuries and MMFs - CFTC tokenized collateral pilot - Swift shared ledger live with 17 banks - @Broadridge DLR settles $7.2T a month onchain - @jpmorgan's JPMD deposit token is live on Base - @Securitize stocks goes live with votes, availability to US and dividends - Tokenized stocks accepted as collateral on Aave V4 - Hong Kong allows 24/7 trading of tokenized funds - UK FCA fund tokenization rules established (In the plumbing & almost ready). - First trading venues under the SEC exemption - OKXICE onchain stock venue filed with the SEC - NYSE 24/7 tokenized trading venue - Kraken × Nasdaq tokenized equities - DTCC tokens move to Stellar (H1 2027) - GENIUS Act takes effect (January 2027) - BlackRock's onchain money market share class - Issuer Sponsored Token Coalition standard (NYSE meeting, October 27) - EU DLT Pilot cap raised to €100B (2027) - CLARITY Act revival Position accordingly 🫡