Who issues tokenized stocks?

Registry snapshot

The registry tracks 11 issuers, and they differ in ways that matter more than the ticker suggests — whether a dividend reaches your wallet, what a stock split does to your balance, and whether the token can leave the platform at all. Every count below is generated from the instrument registry that powers Tokenzo, so it matches what the app actually tracks.

Tokens and certificates on equal plinths illustrate a comparison of issuer structures.
11 issuers
2,865 instruments
15,754 verified contract addresses
16 chains
Tokenized stock issuers compared by size, chains, and mechanics
IssuerInstrumentsChainsDividendsSplits & corporate actionsSelf-custodyRedemptionUS persons
xStocksBacked Assets (JE) Limited, Jersey; owned by Kraken since 20251,169100% with ISINArbitrum, BNB, Ethereum, HyperEVM, Ink, Mantle, Optimism, Solana, TON, Tron, X LayerNo cash payout; reinvested net of withholding, and the token balance rises through a rebasing multiplierToken-2022 scaled UI multiplier; supply rebasePermissionlessAny eligible holder after KYC, $5,000 minimum and a fee; issuance is for professional investorsNot offeredverified
RealityNot published; part of Bitget's ecosystem, with shares custodied at Alpaca60367% with ISINArbitrum, MorphPaid out separately in USDTSplits applied automaticallyPermissionless where transfers are enabledSold back to the issuer for stablecoins; no delivery of sharesNot offeredpartial
OndoOndo Global Markets (BVI) Ltd45756% with ISINBNB, Ethereum, SolanaReinvested into exposure (total return)Shares multiplierPermissionless; transfers screened against sanctions listsAny eligible holder after KYC, any time, for USDC, USDT or dollarsNot offeredverified
DinariDinari Securities LLC (FINRA broker-dealer) and Dinari Inc. (SEC transfer agent)27749% with ISINArbitrum, Avalanche, Base, Ethereum, HyperEVM, PlumePaid in USDCSplits and corporate actions reflected by the issuerAllowlisted wallets only; tokens sold to US customers are reported non-transferableSold back through Dinari at the market priceOffered to eligible US investors since August 2026verified
RobinhoodRobinhood Assets (Jersey) Ltd for the Robinhood Chain token; Robinhood Europe UAB (Lithuania) for the EU app token195100% with ISINRobinhood ChainPublished via corporate-actions API; paid as a dollar amount in the EU appuiMultiplier; issuer-coordinated oracle pauseChain token: yes, in the Robinhood Wallet. EU app token: not withdrawableFor cash through authorised participants; share delivery announced, not liveNot offeredverified
Binance bStocksBTech Holdings Ltd, Abu Dhabi Global Market; one FSRA-approved prospectus per token7297% with ISINBNBReinvested through a multiplier, net of 30% US withholding; no cashMultiplierWithdrawable to a BNB Chain wallet; the issuer can freeze an addressOnly through Binance, into shares in a Binance stock accountNot offeredverified
Backpack SecuritiesBackpack Securities Global Limited (New Zealand), introducing broker; clearing through RQD Clearing and Atomic Vault Securities6180% with ISINSolanaReinvested into more tokensScaled UI multiplier present onchainPermissionlessThrough Backpack, one-for-one into a brokerage position that can be moved to another brokerNot offeredverified
ST0xS01 Issuer GmbH, Berlin; base prospectus approved in Liechtenstein1861% with ISINBaseNot documentedNot documentedNon-custodial vaultsNot documentedNot documentedpartial
CoinbaseCoinbase Onchain SPV Ltd, Abu Dhabi Global Market; FSRA prospectus per token10100% with ISINBaseRetained and reflected in a rising deposit ratio; no cashmultiplier(); announcement eventsAnyone may hold; only verified holders may redeemVerified holders only, for the shares or an alternative settlementNot offeredverified
SecuritizeSecuritize (SEC-registered transfer agent, broker-dealer and ATS)20% with ISINAvalanche, Ethereum, SolanaAs for any shareholderAs for any shareholderApproved wallets onlyNot needed: the token is the shareOffered to eligible investors after verificationpartial
SuperstateSuperstate Services LLC (SEC-registered transfer agent)10% with ISINSolanaAs for any shareholderAs for any shareholderAllowlisted wallets onlyNot needed: the token is the shareOffered to approved investorspartial

Instrument counts, chains and ISIN coverage are generated from the Tokenzo registry as of September 30, 2026. Mechanics columns are curated from issuer documentation and onchain reads; the label in the final column says how well each issuer’s mechanics are evidenced. Issuers the registry tracks but whose mechanics are unconfirmed are omitted rather than shown with blanks.

How to read this table

“Instruments” is not the number of companies

An instrument is one issuer’s token for one security. The same underlying stock usually appears several times — Apple exists as a separate instrument from each of six issuers, and one instrument can be deployed to many chains under different addresses. That is why the address count is far larger than the instrument count.

Dividends are the biggest real difference

Two models dominate. Total-return issuers never pay you anything: the dividend is absorbed into the token’s value or its multiplier, so your balance buys more exposure and no cash arrives. Pass-through issuers send a stablecoin to your wallet. They look different in a portfolio tracker; costs, withholding, and tax treatment depend on the product and holder. See dividends and corporate actions.

A split may not change your balance

Several issuers handle corporate actions with a multiplier rather than by minting tokens. Your raw token balance stays identical while the shares each token represents changes. Any tool reading a raw balance without applying the current multiplier will report the wrong position — which is why the registry records how each issuer scales, not just its addresses.

Availability is not a holding permission

The availability column summarizes the curated product notes. It does not determine whether a particular person may buy, hold, transfer, or redeem a token. Tokenzo can display a balance without establishing any of those permissions. Read the current terms and the regulation guide.

Next: What are tokenized stocks?