In plain English: A side-by-side table of tokenized stock projects, grouped by legal model.
Classification follows the SEC staff taxonomy. Details and sources are on each linked page.
| Implementation | Model | Key mechanism |
|---|---|---|
| Superstate Opening Bell | Issuer-sponsored | SEC-registered transfer agent; onchain cap table |
| Securitize (issuer shares) | Issuer-sponsored | Transfer agent book entry |
| Securitize Stocks | Custodial entitlement | UCC Art. 8 via broker-dealer; Solana PropAMM |
| Coinbase B20 | Custodial claim | Beneficial claim; Alpaca custody |
| Dinari dShares | Broker-dealer mirror record | Tokens mirror off-chain brokerage books |
| DTC Tokenized Entitlements | Custodial entitlement (post-trade) | DTC participants; NAL |
| Ondo Stocks | Synthetic / note | BVI SPV notes; economic exposure |
| Robinhood Stock Tokens | Synthetic / debt security | Jersey issuer; no rights in underlying |
| bStocks | Synthetic / certificate | ADGM certificates over shares |
| xStocks | Backed tracker | Jersey issuer; multiplier |
| OKXICE TSV | Venue (TSV) | Permissioned AMM under Innovation Exemption |
| NYSE | Venue (exchange) | Same book, DTC settlement |
Sources
Public originals for the facts on this page.