Topic
On-chain Stocks
Tokenized equities — equity-linked tokens that trade on public blockchains — moved from niche experiment to a visible on-chain category between 2025 and 2026, with Backed Finance's xStocks, Ondo Global Markets, and Dinari dShares emerging as the three issuer models that routinely sit in self-custody wallets. For a wallet holder, the practical question is rarely 'which token to buy' but what arrives in the wallet when USDC is swapped for AAPLx, NVDAx, or another tokenized stock — whose legal structure backs that claim, how dividends appear, and what recovery looks like if the issuer cannot act. The references below work through those structural questions across the three issuer architectures.
6 references
How Tokenized Stocks Enter Self-Custody Wallets: Secondary Markets, Exchange Withdrawals, and Direct Minting
How tokenized stocks reach a self-custody wallet — secondary-market swaps, exchange withdrawals, and direct minting — and what each route changes.
What Is the Tokenized Stock in Your Wallet? Four Issuance Models Compared
What a tokenized stock legally is depends on its issuer, not the ticker: xStocks, Ondo, Dinari, and Robinhood EU compared across four models.
Why 24/7 Tokenized Stocks Do Not Mean 24/7 Price Discovery
Tokenized stocks trade on-chain 24/7, but the underlying US market — and its price discovery — does not. Where the off-hours gap matters.
On-chain Stocks for Self-Custody Wallet Users: A 2026 Reference
A 2026 reference on tokenized stocks in self-custody — issuer structures (xStocks, Ondo, Dinari), the wallet-native path, risk layers, and reporting.
How Tokenized Stock Dividends Work: xStocks Rebasing, Ondo Total-Return Pricing, and Dinari Stablecoin Distributions
How xStocks rebasing, Ondo's sValue total-return multiplier, and Dinari's USD+ distribution show up in a self-custody wallet — and what to track.
Tokenized Stocks Issuer Failure: Recovery Paths for xStocks, Ondo, and Dinari
How recovery would work if a tokenized stocks issuer failed — Jersey SPV (Backed), BVI SPV with Ankura (Ondo), SEC transfer agent path (Dinari).