Grayscale Names Top Blockchains for Tokenized Stocks

Grayscale has identified five blockchains that stand to benefit most from tokenized stocks: Ethereum, Solana, Avalanche, BNB Chain, and Canton Network. The asset manager pointed out that wrapper tokens hold over 70% of tokenized stock market value today.

The three models driving the shift towards tokenized equities are the wrapper model, where a token represents shares held in an SPV; the entitlement model, which brings existing securities on-chain through regulated rails; and the issuer-native model, where companies issue shares natively on-chain.

Securitize's NYSE debut marked the first time a newly public company brought its own stock on-chain, launching SECZ shares on Avalanche and Solana. Grayscale expects all three models to coexist for years, with the issuer-native model being the most promising.