COMPARING TOKENIZED-STOCK STRUCTURES ACROSS MAJOR EXCHANGES

Summary from the TLDR Crypto newsletter

This post breaks down how Coinbase, Binance, Kraken, Robinhood, and Backpack structure tokenized equities differently around redemption control, trading venue, and dividend handling. Ondo still holds ~70% of the tokenized-stock market, but competition from major exchanges launching their own wrappers is intensifying.