Grayscale Identifies Five Blockchains Positioned to Benefit From Tokenized Stocks on July 9

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According to Grayscale's July 9 research, Ethereum, Solana, BNB Chain, Avalanche, and Canton Network are positioned to benefit from tokenized stocks as the sector evolves through three development stages. Third-party wrapped tokens currently represent over 70% of tokenized stock value, where traditional equities are held in special purpose entities and investors receive tokens representing claims on those entities rather than direct ownership. Grayscale identifies the DTCC's planned pilot as the second phase, with Canton Network set to serve as the blockchain for the DTCC tokenization pilot. The third phase involves issuer-sponsored tokenization, where companies natively issue securities on-chain. Grayscale expects all three models to coexist over the coming years.
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