According to a PANews article, the total market capitalization of on-chain stock tokens has exceeded 3000000000 USD, with tokenization and perpetual contracts developing along two parallel paths, but holdings are highly fragmented.
YZi Labs An investor published an article discussing how stock tokenization works, the differences in rights between tokens and real stocks, arbitrage mechanisms, and entrepreneurial opportunities.
PANews reports that Backpack plans to expand its approximately 200 listed on-chain stocks to approximately 10000 and connect traditional brokerage accounts with API through a single DeFi. Its CEO states that the relevant tokens correspond to real stocks in legal and economic terms.