Ed’s Tokenized Securities Rails
A human-curated, LLM-maintained, source-linked knowledge base on tokenized securities infrastructure
Issuers, legal structures, custody, chains, venues, settlement and regulation. Every fact links to a source; unverified fields say unknown.
What is this wiki?
A reference on how stocks and bonds move onto blockchains: who issues the tokens, what you legally own, where they trade, how they settle and which rules apply. It’s reference information, updated weekly. What it isn’t: a broker or investment advice.
How it fits together, in one picture: see the overview.
Who is this for?
- Investors: what a stock token really gives you, who can buy, the risks. Start with the overview and the glossary.
- Capital-markets people: how issuance, trading, settlement and custody map to the rails you know. Start with Settlement & matching.
- Crypto people: the securities rules, issuers and venues behind tokenized stocks. Start with Rules by jurisdiction.
- Software engineers and architects: a design reference for building these systems, especially trading, with your AI coding agents. Start with Build with this wiki.
- AI agents: machine-readable via llms.txt (what’s that?) and the guide for AI agents, with sources on every fact and stable page anchors.
Why tokenize securities?
- Cash and asset swap in one step. Both sides settle together or not at all (ECB).
- Markets don’t need to close. Trades could clear in seconds, 24/7 (BlackRock).
- Assets plug into other things, such as collateral for futures and swaps (CFTC).
- It’s already real: about $368B of repo settles daily on Broadridge’s platform (Broadridge), and about $14.5B of tokenized Treasuries are held onchain (rwa.xyz).
The full case, and the catches, are in the overview.
Try it with your AI
Point your AI assistant at this wiki and paste a prompt. More in Starter prompts.
Read https://edstokenizedsecuritiesrails.com/llms-full.txt. Cite page URLs and say "unknown" rather than guess. Compare bStocks, xStocks and Robinhood Stock Tokens by legal structure, jurisdiction and who can buy.Read https://edstokenizedsecuritiesrails.com/llms-full.txt. Cite page URLs and say "unknown" rather than guess. How does Nasdaq's approved tokenized securities rule keep tokenized and traditional shares on the same order book?Read https://edstokenizedsecuritiesrails.com/llms-full.txt. Cite page URLs and say "unknown" rather than guess. Using /build/trading-reference-architecture, review my settlement flow and flag any way one leg could settle without the other.How to use this wiki
- New to this? Overview → Glossary → Who can buy
- Looking up a company? Issuer & platform database (23 entities)
- Following the rules? Rules by jurisdiction · Innovation Exemption (TSVs) · What changed, week by week
- Building something? Build with this wiki · Reference architecture for trading
- Using an AI agent? Starter prompts · Prompts for coding agents · Guide for AI agents · llms.txt · llms-full.txt
- Going deeper? Concepts: Legal taxonomy · Token primitives · Post-trade (Reg NMS) model · International. Standards: Implementations by model · ERC-3643 · ERC-1400 · Token-2022 · B20. Topics: Legal structures · Custody · Settlement & matching · Regulation · Corporate actions & dividends
Latest changes
- 2026-10-31: IMF publishes the first official data on tokenized-stock trading
- 2026-10-31: DTCC firm counts clarified
- 2026-10-31: Bank of England consults on tokenised collateral at clearing houses
- 2026-10-30: All starter prompts on one page; database downloads
- 2026-10-30: 50 companies now object to OKXICE stock tokens
See What changed by week, or the full changelog.
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Reference information only. Not investment advice.