Grayscale: Ethereum, Solana, BNB Chain, Avalanche, and Canton Network are expected to benefit from stock tokenization.

According to Odaily, Grayscale released a report on July 9 stating that stock tokenization will develop in three phases. Ethereum, Solana, BNB Chain, Avalanche, and Canton Network are expected to benefit the most as ownership models evolve. Grayscale noted that third-party wrapped tokens account for over 70% of the market capitalization of tokenized stocks. In this model, traditional stocks are placed into special purpose vehicles, and investors receive tokens representing claims on the vehicle rather than direct ownership. Such wrapped assets operate on Ethereum, Solana, and BNB Chain, allowing for trading and integration with decentralized finance applications. Grayscale categorizes the DTCC’s planned pilot as the second phase in the development of tokenized stocks, with Canton Network becoming the first blockchain used for the DTCC tokenization pilot. The third phase involves issuer-sponsored tokenization, where companies natively issue securities on-chain; Securitize became the first listed company to tokenize its own common stock upon its listing on the New York Stock Exchange. Grayscale anticipates that wrapped tokens, the DTCC asset model, and issuer-sponsored tokenization will coexist over the coming years. (Bitcoin.com News).