StructureAbout StructureHow each product works: access, rights, redemption, and fees. Unknown means undocumented, not unrestricted; linked sources do not verify claims.
Product terms and roles
VerifiedUnverifiedUnknownNot applicableAbout this figureUnknown means no documented value, not no restriction. A working source link does not verify a claim. Terms can vary by jurisdiction, investor type, and market stage; hover a status dot for the scope.
Rights
| Product | Economic rights | Voting rights | Dividend mechanism |
|---|---|---|---|
| Backpack Securities tokenized securitiesLegal wrapperSecurity entitlement | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Investors can hold eligible securities through established brokerage infrastructure, convert them into tokenized securities on Solana, and redeem tokenized securities back into the corresponding security entitlement through Backpack Securities.”Tokenized securities redeemable into the corresponding security entitlement | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “For tokenized securities, dividend payouts are automatically reinvested into additional tokenized shares, while applicable corporate actions are reflected through proportional token balance adjustments designed to maintain economic equivalence with the underlying security.”Dividends reinvest into additional tokenized shares |
| bStocksLegal wrapperAdgm certificate | VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Certificates represent a 1:1 beneficial interest in the Underlying held by the Issuer and are not direct ownership of the Underlying.”Certificate with beneficial interest in backing assets; not direct share ownership | VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Note: bStocks holders do not receive voting rights in the underlying company.”No shareholder voting rights while held as bStocks | VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “In bStocks: dividends are automatically reinvested via the Multiplier. Your raw token balance stays the same, but your UI-displayed balance increases.”Dividends reinvest through a multiplier; raw token balance stays constant |
| Coinbase tokenized stocksLegal wrapperSpv claim | VerifiedVerified. Applies to: ADGM primary offer; AAPL certificate prospectus scope / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Each Security represents a pro rata beneficial interest in the Deposited Property (as a whole) attributable to the Securities.”Beneficial interest in backing assets | VerifiedVerified. Applies to: ADGM primary offer; AAPL certificate prospectus scope / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Issuer will not exercise any voting rights in respect of the Deposited Underlying except in accordance with instructions received from Vested Holders.”No direct vote; vested holders may instruct the issuer. | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “At this time, for tokenized stocks, cash dividends are converted to shares of the underlying equity and reflected via a multiplier update rather than distributed as cash to the B20 holder.”Dividends reinvested through a share multiplier |
| Currenc tokenized ordinary sharesLegal wrapperNative share | VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-11. “issuer-led tokenization can look like when the token represents the real security and the company is actively involved in the process”Issuer-sponsored tokenized Currenc ordinary shares; the token represents the real security | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value |
| Dinari dSharesLegal wrapperCustodial receipt | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dinari offers our tokenize assets, called dShares, as blockchain tokens backed 1:1 by real securities, mostly U.S. equities.”DShares are backed 1:1 by real securities | VerifiedVerified. Applies to: United States brokerage flow / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Corporate-action events (dividends, splits, proxy voting) must flow through Dinari’s broker-dealer systems.”Proxy voting events handled through Dinari broker-dealer systems for US customers | VerifiedVerified. Applies to: Eligible offshore dShares and wrapped positions; US tokens cannot be wrapped / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “dShare holders are paid in USD+.
Wrapped holders receive the underlying dShare deposited into the wrapped position rather than a USD+ credit.”Native dShares receive USD+; wrapped positions receive underlying dShares |
| OKXICE TSVLegal wrapperSecurity entitlement | VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Each token is a security entitlement to one share, with the same interest in the issuer as the underlying stock | VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Same voting rights as holders of the underlying stock; proxy materials are made available to holders | |
| Ondo StocksLegal wrapperStructured note | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “They are designed to give holders the same economic exposure as they would receive if they owned the underlying asset and invested dividends back into the stock (net of withholding tax).”Total return exposure | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “While you can redeem your Tokens for cash or stablecoins for the then-value of the underlying assets, you do not receive shareholder voting rights, statutory information rights or other shareholder rights from the issuer of those securities.”No voting rights | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dividends are automatically invested back into the referenced stock and reflected in token pricing. Minting and redemption quotes reflect both price changes and reinvested dividends.”Reinvested dividends reflected in token pricing |
| Opening BellLegal wrapperNative share | VerifiedVerified. Applies to: Supported jurisdictions; Direct Issuance Program shares / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “These shares are recorded in the investor’s name and carry the same economic and governance rights as traditional shares, with the added utility of being usable across on-chain applications where permitted.”Registered shares retain the economics of traditional shares | VerifiedVerified. Applies to: Supported jurisdictions; Direct Issuance Program shares / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “These shares are recorded in the investor’s name and carry the same economic and governance rights as traditional shares, with the added utility of being usable across on-chain applications where permitted.”Same governance rights as the corresponding traditional shares | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value |
| Robinhood Chain stock tokensLegal wrapperTracker certificate | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Product provides economic exposure to underlying securities like US shares and ETFs, but does not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.”Economic exposure without shareholder rights | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “They provide economic exposure to underlying securities but do not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.”No voting rights | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When an underlying company pays a dividend, the dividend is automatically reinvested to purchase more shares of that stock. Instead of receiving a cash payout, your token's multiplier increases.”Dividends reinvested through a multiplier |
| Robinhood Classic (Arbitrum)Legal wrapperTracker certificate | VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When buying Classic Stock Tokens, you are not buying the actual stocks—you are buying tokenized contracts that follow their price, recorded on a blockchain.”Derivative price exposure without ownership of the underlying shares | VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Classic Stock Tokens offer many of the same benefits as traditional stocks, but since you do not own the underlying stock, you will not have certain shareholder rights like voting.”No shareholder voting rights | VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You receive dividend payments in euros, and they appear in your transaction history as a cash distribution.
There may be tax withholding depending on your region.”Cash dividend payments in EUR, subject to withholding |
| Securitize StocksLegal wrapperSecurity entitlement | VerifiedVerified. Applies to: Permitted jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-11. “Each token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8, preserving applicable rights and economic benefits including dividends and, where the underlying class carries them, voting rights.”One token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8 | VerifiedVerified. Applies to: Permitted jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-11. “Each token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8, preserving applicable rights and economic benefits including dividends and, where the underlying class carries them, voting rights.”Applicable voting rights are preserved where the underlying class carries them | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value |
| Securitize tokenized securitiesLegal wrapperNative share | VerifiedVerified. Applies to: United States; eligible investors in the announced SECZ platform flow / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokenized SECZ is intended to represent the same common stock trading on the NYSE, not a separate share class.”Issuer intends tokenized SECZ to represent the same NYSE common stock | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value |
| xStocksLegal wrapperTracker certificate | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “An xStock is a tracker certificate. They provide economic exposure to the underlying equity but do not convey shareholder rights, such as voting rights.”Tracker certificate exposure | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “An xStock is a tracker certificate. They provide economic exposure to the underlying equity but do not convey shareholder rights, such as voting rights.”No voting rights | VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “xStocks handle corporate events through an onchain rebasing mechanism called the multiplier.
Dividends are reinvested net of applicable withholding taxes.”Dividends reinvested through rebasing, net of tax |
Backpack Securities tokenized securitiesLegal wrapperSecurity entitlement
Parties
- Broker-dealer
- —Not disclosed
- Custodian
- —Not disclosed
- Transfer agent
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Investors can hold eligible securities through established brokerage infrastructure, convert them into tokenized securities on Solana, and redeem tokenized securities back into the corresponding security entitlement through Backpack Securities.”Verified Backpack users convert eligible securities and withdraw tokens to Solana
- Redeem access
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Depositing a supported tokenized security into Backpack Exchange from your Solana wallet converts it back into traditional securities holdings.”Verified Backpack users deposit supported tokens to recover securities holdings
- KYC required
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Backpack Securities uses the same account verification process as the rest of Backpack. If your Backpack account is already verified, no further verification is required.”Existing Backpack account verification is required; no additional stocks KYC
- Minimum investment
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “During overnight, pre-market, and after-hours sessions, the minimum order size is 1 whole share. Every order must be worth at least $1.”Backpack stock orders: $1 minimum, with session-dependent share increments
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Investors can hold eligible securities through established brokerage infrastructure, convert them into tokenized securities on Solana, and redeem tokenized securities back into the corresponding security entitlement through Backpack Securities.”Tokenized securities redeemable into the corresponding security entitlement
- Voting rights
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Dividend mechanism
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “For tokenized securities, dividend payouts are automatically reinvested into additional tokenized shares, while applicable corporate actions are reflected through proportional token balance adjustments designed to maintain economic equivalence with the underlying security.”Dividends reinvest into additional tokenized shares
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Investors can hold eligible securities through established brokerage infrastructure, convert them into tokenized securities on Solana, and redeem tokenized securities back into the corresponding security entitlement through Backpack Securities.”Corresponding underlying security entitlement
- Fees
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “An estimated platform fee of approximately $0.50 applies and is paid in the tokenized security being withdrawn. Backpack does not charge any fees for deposits.”Token withdrawal approximately $0.50; deposits have no platform fee
Transfer
- Transfer restriction
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Restrictions
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Backpack Securities isn't available in the United States, the United Kingdom, the United Arab Emirates, or Japan, and isn't offered on Backpack EU. Everywhere else that stocks are permitted, eligible verified users can access it.”Unavailable in US, UK, UAE, Japan and Backpack EU; other country limits apply
bStocksLegal wrapperAdgm certificate
Parties
- Transfer agent
- —Not disclosed
Access
- Mint access
- Redeem access
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Conversion Service is available only to Users who are Eligible ADGM Subscribers or Eligible Secondary Investors and who have satisfied the applicable KYC screening and suitability requirements imposed by the Binance Platform.”Eligible ADGM subscribers or secondary investors convert bStocks through NTL after KYC and suitability checks
- KYC required
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Conversion Service is available only to Users who are Eligible ADGM Subscribers or Eligible Secondary Investors and who have satisfied the applicable KYC screening and suitability requirements imposed by the Binance Platform.”KYC and suitability checks required for the Binance conversion service
- Minimum investment
Rights
- Economic rights
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Certificates represent a 1:1 beneficial interest in the Underlying held by the Issuer and are not direct ownership of the Underlying.”Certificate with beneficial interest in backing assets; not direct share ownership
- Voting rights
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Note: bStocks holders do not receive voting rights in the underlying company.”No shareholder voting rights while held as bStocks
- Dividend mechanism
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “In bStocks: dividends are automatically reinvested via the Multiplier. Your raw token balance stays the same, but your UI-displayed balance increases.”Dividends reinvest through a multiplier; raw token balance stays constant
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Shares delivered to your sub-account within the NTL Omnibus Account on completion of such a Redemption Order are thereafter held subject to, and constitute Positions for the purposes of, the Securities Trading Product Terms.”Underlying shares credited to the user's NTL omnibus sub-account
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “These transfer restrictions are embedded in the Certificate's smart contract and are binding on all holders and transferees.”Onchain transfers remain subject to legal and smart-contract restrictions
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Coinbase tokenized stocksLegal wrapperSpv claim
Parties
- Transfer agent
- —Not disclosed
Access
- Mint access
- Redeem access
- KYC required
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: ADGM primary offer; AAPL certificate prospectus scope / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Each Security represents a pro rata beneficial interest in the Deposited Property (as a whole) attributable to the Securities.”Beneficial interest in backing assets
- Voting rights
- VerifiedVerified. Applies to: ADGM primary offer; AAPL certificate prospectus scope / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Issuer will not exercise any voting rights in respect of the Deposited Underlying except in accordance with instructions received from Vested Holders.”No direct vote; vested holders may instruct the issuer.
- Dividend mechanism
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “At this time, for tokenized stocks, cash dividends are converted to shares of the underlying equity and reflected via a multiplier update rather than distributed as cash to the B20 holder.”Dividends reinvested through a share multiplier
Redemption & fees
- Redemption asset
Transfer
- Transfer restriction
- Allowlist
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “To comply with any regulatory requirements that apply to a particular asset, policies that manage allowlists and blocklists may be implemented. Policies determine whether a transfer is allowed or rejected.”Optional allowlist policy
Currenc tokenized ordinary sharesLegal wrapperNative share
Parties
- Issuer
- —Not disclosed
- Tokenizer
- —Not disclosed
- Broker-dealer
- —Not disclosed
- Custodian
- —Not disclosed
- Transfer agent
- —Not disclosed
- Other
- —Not disclosed
Access
- Mint access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Redeem access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- KYC required
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-11. “issuer-led tokenization can look like when the token represents the real security and the company is actively involved in the process”Issuer-sponsored tokenized Currenc ordinary shares; the token represents the real security
- Voting rights
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Dividend mechanism
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Redemption & fees
- Redemption asset
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Fees
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Transfer
- Transfer restriction
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Restrictions
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Dinari dSharesLegal wrapperCustodial receipt
Parties
- Other
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokens are minted or burned only after the corresponding trade settles in a real brokerage account, so backing is always in sync with supply.”DShares are minted after a corresponding trade settles in a real brokerage account
- Redeem access
- VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Settlement: Once filled, the result is settled on-chain in a single step: a buy mints dShares to the user's wallet, and a sell burns the dShares and releases the proceeds.”A sell burns dShares and releases the proceeds
- KYC required
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dinari offers our tokenize assets, called dShares, as blockchain tokens backed 1:1 by real securities, mostly U.S. equities.”DShares are backed 1:1 by real securities
- Voting rights
- VerifiedVerified. Applies to: United States brokerage flow / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Corporate-action events (dividends, splits, proxy voting) must flow through Dinari’s broker-dealer systems.”Proxy voting events handled through Dinari broker-dealer systems for US customers
- Dividend mechanism
- VerifiedVerified. Applies to: Eligible offshore dShares and wrapped positions; US tokens cannot be wrapped / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “dShare holders are paid in USD+. Wrapped holders receive the underlying dShare deposited into the wrapped position rather than a USD+ credit.”Native dShares receive USD+; wrapped positions receive underlying dShares
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Offshore non-US dShares; US brokerage tokens follow separate rules / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Only the direction of value changes: a buy converts payment tokens into dShares, and a sell converts dShares back into payment tokens.”Payment-token proceeds after selling dShares
- Fees
- VerifiedVerified. Applies to: Enterprise API partners and their end users / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dinari does not collect transaction fees from our partners or their end users. We do, however, collect other types of fees.”No Dinari transaction fees; other fee types apply
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: Eligible non-US offshore dShares jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dinari will not effect or register any transfer of the Product made in violation of Regulation S and, more specifically, will refuse to effect or transfer any Product made to any U.S. person.”Offshore transfers must comply with Regulation S and US securities-law limits
- Allowlist
- VerifiedVerified. Applies to: United States brokerage flow / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “All US customer wallets must be uniquely associated with verified brokerage accounts; partners may not re-use or pool wallet addresses across multiple users.”US customer wallets must be uniquely linked to verified brokerage accounts
- Restrictions
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “All US customer accounts are established and maintained by Dinari Securities, LLC under its clearing relationship with Alpaca Securities, LLC.”US customers require the Dinari Securities brokerage flow
OKXICE TSVLegal wrapperSecurity entitlement
Parties
- Issuer
- —Not disclosed
- Broker-dealer
- —Not disclosed
- Custodian
- —Not disclosed
- Transfer agent
- —Not disclosed
- Other
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Approved TSV participants mint directly with the tokenizer through its broker-dealer, in U.S. dollars or an approved payment stablecoin
- Redeem access
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Approved TSV participants redeem directly with the tokenizer; tokens are burned and the shares are sold or delivered
- KYC required
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Identity verification, AML and sanctions checks, wallet screening and a tokenizer account are required
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Each token is a security entitlement to one share, with the same interest in the issuer as the underlying stock
- Voting rights
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Same voting rights as holders of the underlying stock; proxy materials are made available to holders
- Dividend mechanism
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Sale proceeds or the underlying shares, under the tokenizer's redemption terms
- Fees
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Service fee, pool fee and network fee; rates are in a separately published fee schedule
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: United States / any / primary stage. Effective: unspecified. Verified against the source on 2026-11-12. “Each token represents a security entitlement to one share of the underlying NMS stock.”Every trade, transfer and liquidity action requires a wallet holding a valid non-transferable SBT
- Allowlist
Ondo StocksLegal wrapperStructured note
Parties
- Transfer agent
- —Not disclosed
- Other
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Onboarding to the Ondo Stocks platform is open to institutional participants and retail users/individuals in supported jurisdictions.”Eligible users after KYC
- Redeem access
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “For example, persons who purchase tokens from OGM or redeem tokens to OGM must first successfully complete OGM’s onboarding process, which includes know-your-customer (KYC) review; and OGM employs technical tools for wallet and transaction screening.”Users after KYC
- KYC required
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Ondo Stocks conducts KYC/KYB verification via Persona, our identity and KYC compliance provider.”Yes, primary market
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “They are designed to give holders the same economic exposure as they would receive if they owned the underlying asset and invested dividends back into the stock (net of withholding tax).”Total return exposure
- Voting rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “While you can redeem your Tokens for cash or stablecoins for the then-value of the underlying assets, you do not receive shareholder voting rights, statutory information rights or other shareholder rights from the issuer of those securities.”No voting rights
- Dividend mechanism
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Dividends are automatically invested back into the referenced stock and reflected in token pricing. Minting and redemption quotes reflect both price changes and reinvested dividends.”Reinvested dividends reflected in token pricing
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Everything we mention above about investing applies to redemptions as well: you can redeem to USDon or USDC. The redemption to USDon will always be instant; redemptions to USDC will be instant provided there is enough liquidity in the stablecoin swapper.”USDon or USDC (subject to swap liquidity)
- Fees
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When a quote is generated for an investor to buy (or sell) a token, the price may be slightly more (or less) than the price at which Ondo Stocks buys (or sells) the underlying stock, with any difference and any fees being retained by Ondo Stocks.”Spread included in the quote
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: Outside the US; jurisdictional and other restrictions apply / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “All Ondo stocks are transferable outside the US across supported blockchains like Ethereum, BNB Chain, Solana, and HyperEVM (with other chains coming soon), subject to certain jurisdictional and other restrictions.”Permissionless onchain transfers
- Allowlist
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “All linked wallet address(es) are subject to review and approval by Ondo.”Approved wallets for the primary market
- Restrictions
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “This page provides information on the types of persons that are prohibited or restricted from subscribing for, acquiring or redeeming Ondo Stocks.”Jurisdiction and investor eligibility restrictions
Opening BellLegal wrapperNative share
Parties
Access
- Mint access
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Book-entry shares of funds or equities can be converted into tokenized shares and delivered to your allowlisted wallet.”Onboarded holders tokenize book-entry shares to an allowlisted wallet
- Redeem access
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokens can be converted back into book-entry shares. Some investors may choose to do this in order to then transfer them back into their traditional brokerage.”Holders burn tokens through the portal to restore book-entry shares
- KYC required
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Token-level permissioning, KYC'd wallets, and programmatically-enforced restrictions on every transaction ensure shares comply with applicable regulations.”KYC-qualified wallets are required
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: Supported jurisdictions; Direct Issuance Program shares / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “These shares are recorded in the investor’s name and carry the same economic and governance rights as traditional shares, with the added utility of being usable across on-chain applications where permitted.”Registered shares retain the economics of traditional shares
- Voting rights
- VerifiedVerified. Applies to: Supported jurisdictions; Direct Issuance Program shares / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “These shares are recorded in the investor’s name and carry the same economic and governance rights as traditional shares, with the added utility of being usable across on-chain applications where permitted.”Same governance rights as the corresponding traditional shares
- Dividend mechanism
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Important: Unlike funds, burning equity tokens does not trigger a payout. To sell your tokens you must use a supported DEX (if available).”Book-entry shares; burning equity tokens does not pay cash
- Fees
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Token-level permissioning, KYC'd wallets, and programmatically-enforced restrictions on every transaction ensure shares comply with applicable regulations.”Token permissions enforce regulatory restrictions on transfers
- Allowlist
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “In order to hold tokenized shares in your third party wallet, you must first add that address to the allowlist.”External wallets must be allowlisted for the relevant equity and network
- Restrictions
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokenized shares are available to all investors in supported jurisdictions and do not require accredited investor status.”Supported-jurisdiction investors may participate without accredited status
Robinhood Chain stock tokensLegal wrapperTracker certificate
Parties
- Transfer agent
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / ap / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Only Authorised Participants (at issuance, the only Authorised Participant is BBVI) may subscribe for Stock Tokens directly from RHJ after KYB onboarding (the primary market), so developers build by composing with existing tokens rather than minting.”Authorized participants only
- Redeem access
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You can also redeem them directly with the Issuer, where there is no authorized participant (a firm that processes redemptions on investors' behalf), subject to completing the Issuer's KYC/AML (identity verification) processes.”Users after KYC if no authorized participant is available
- KYC required
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / ap / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Direct mint/burn is available only to Authorized Participants / market makers and requires KYB onboarding; regular holders acquire and exit positions on the secondary market through the venues above.”Yes, primary market
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Product provides economic exposure to underlying securities like US shares and ETFs, but does not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.”Economic exposure without shareholder rights
- Voting rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “They provide economic exposure to underlying securities but do not grant investors any legal or beneficial rights in, or against the issuer of, those underlying securities.”No voting rights
- Dividend mechanism
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When an underlying company pays a dividend, the dividend is automatically reinvested to purchase more shares of that stock. Instead of receiving a cash payout, your token's multiplier increases.”Dividends reinvested through a multiplier
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Furthermore, Investors are not entitled to physical delivery of the Underlying and the Products are instead settled in cash in the Specified Currency in the event of a redemption or termination of the Products.”Cash in the series' specified currency
Transfer
- Transfer restriction
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Restrictions
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Stock Tokens are not available in the US or to US persons and are subject to restrictions in other jurisdictions, including Canada, the United Kingdom, and Switzerland.”Unavailable to US persons and prohibited jurisdictions
Robinhood Classic (Arbitrum)Legal wrapperTracker certificate
Parties
- Tokenizer
- —Not disclosed
- Broker-dealer
- —Not disclosed
- Custodian
- —Not disclosed
- Transfer agent
- —Not disclosed
- Other
- —Not disclosed
Access
- Mint access
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Robinhood Europe issues the contracts and records them on a blockchain.”Robinhood Europe issues blockchain-recorded derivative contracts
- Redeem access
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When selling Classic Stock Tokens, you can always sell them for their value in euros.”Account holders close positions by selling contracts for EUR
- KYC required
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You authorise us to make inquiries, whether directly or through third parties, that we consider necessary to verify your identity or protect you, us and/or third parties against fraud or other financial crime, and to take action we reasonably deem necessary based on the results of such inquiries.”Robinhood Europe conducts identity verification and client due diligence
- Minimum investment
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Start with just €1: Access the market on your terms—and earn dividends when eligible.”EUR 1
Rights
- Economic rights
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When buying Classic Stock Tokens, you are not buying the actual stocks—you are buying tokenized contracts that follow their price, recorded on a blockchain.”Derivative price exposure without ownership of the underlying shares
- Voting rights
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Classic Stock Tokens offer many of the same benefits as traditional stocks, but since you do not own the underlying stock, you will not have certain shareholder rights like voting.”No shareholder voting rights
- Dividend mechanism
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You receive dividend payments in euros, and they appear in your transaction history as a cash distribution. There may be tax withholding depending on your region.”Cash dividend payments in EUR, subject to withholding
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When selling Classic Stock Tokens, you can always sell them for their value in euros.”EUR proceeds from closing the token position
- Fees
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “No hidden fees: Just a 0.1% FX fee on each order. No other fees from Robinhood.”0.1% FX fee per order; no other Robinhood order fees
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You can buy, sell, or hold Classic Stock Tokens—but you cannot send them to other wallets or platforms at this time.”External wallet and platform transfers are unavailable
- Allowlist
- UnknownUnknown. Applies to: Eligible EU/EEA residents / retail / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Restrictions
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “To be eligible to use any of the Services, you must be at least 18 years of age, reside in a country in which the relevant Services are accessible, and otherwise be legally permitted to use these Services.”At least age 18; eligible EU/EEA residents in countries where the service is accessible
Securitize StocksLegal wrapperSecurity entitlement
Parties
Access
- Mint access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Redeem access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- KYC required
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: Permitted jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-11. “Each token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8, preserving applicable rights and economic benefits including dividends and, where the underlying class carries them, voting rights.”One token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8
- Voting rights
- VerifiedVerified. Applies to: Permitted jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-11. “Each token is backed one for one by an underlying share and represents a security entitlement under UCC Article 8, preserving applicable rights and economic benefits including dividends and, where the underlying class carries them, voting rights.”Applicable voting rights are preserved where the underlying class carries them
- Dividend mechanism
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Redemption & fees
- Redemption asset
- VerifiedVerified. Applies to: Permitted jurisdictions / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-11. “When a company adopts issuer-sponsored tokenization , investors can convert their security entitlements into actual shares recorded on the company's register, through Securitize's partnerships with leading transfer agents.”Actual shares recorded on the company register when issuer-sponsored tokenization is adopted
- Fees
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Transfer
- Transfer restriction
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Securitize tokenized securitiesLegal wrapperNative share
Parties
- Tokenizer
- —Not disclosed
- Broker-dealer
- —Not disclosed
- Custodian
- —Not disclosed
- Other
- —Not disclosed
Access
- Mint access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Redeem access
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- KYC required
- VerifiedVerified. Applies to: United States; eligible investors in the announced SECZ platform flow / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access will be subject to onboarding, KYC/AML checks, jurisdictional eligibility and applicable securities-law requirements.”Announced SECZ access requires onboarding and KYC/AML checks
- Minimum investment
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Rights
- Economic rights
- VerifiedVerified. Applies to: United States; eligible investors in the announced SECZ platform flow / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokenized SECZ is intended to represent the same common stock trading on the NYSE, not a separate share class.”Issuer intends tokenized SECZ to represent the same NYSE common stock
- Voting rights
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Dividend mechanism
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Redemption & fees
- Redemption asset
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Fees
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: United States; eligible investors in the announced SECZ platform flow / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokenization changes the form of ownership; it does not change the underlying nature of the share or override applicable legal, contractual or transfer restrictions.”Tokenization preserves applicable legal and contractual transfer limits
- Allowlist
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Restrictions
- VerifiedVerified. Applies to: United States; eligible investors in the announced SECZ platform flow / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access will be subject to onboarding, KYC/AML checks, jurisdictional eligibility and applicable securities-law requirements.”Access subject to onboarding, KYC/AML, jurisdiction and securities-law requirements
xStocksLegal wrapperTracker certificate
Parties
Access
- Mint access
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access to the primary market requires onboarding (KYC/AML). Once onboarded, a direct client can initiate issuance or redemption through the issuer platform.”Eligible users after KYC
- Redeem access
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access to the primary market requires onboarding (KYC/AML). Once onboarded, a direct client can initiate issuance or redemption through the issuer platform.”Eligible users after KYC
- KYC required
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access to the primary market requires onboarding with the issuer, including completion of KYC, and AML procedures.”Yes, primary market
- Minimum investment
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “If interacting directly with the issuer for issuance or redemption, the minimum transaction size is $5,000.”$5,000
Rights
- Economic rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “An xStock is a tracker certificate. They provide economic exposure to the underlying equity but do not convey shareholder rights, such as voting rights.”Tracker certificate exposure
- Voting rights
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “An xStock is a tracker certificate. They provide economic exposure to the underlying equity but do not convey shareholder rights, such as voting rights.”No voting rights
- Dividend mechanism
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “xStocks handle corporate events through an onchain rebasing mechanism called the multiplier. Dividends are reinvested net of applicable withholding taxes.”Dividends reinvested through rebasing, net of tax
Redemption & fees
- Redemption asset
Transfer
- Transfer restriction
- VerifiedVerified. Applies to: jurisdiction unspecified / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “xStocks are issued using the SPL Token-2022 standard (Solana) or ERC-20 standard (EVM-compatible chains). They can be transferred onchain like other tokens.”Permissionless onchain transfers
- Allowlist
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Once onboarded, wallet addresses must be whitelisted before interacting with the issuance or redemption infrastructure. Only whitelisted wallets may interact with the platform.”Approved wallets for the primary market
- Restrictions
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “xStocks are not marketed, offered, or solicited in the United States or in jurisdictions where such activity is prohibited.”Unavailable to US persons and prohibited jurisdictions
TransparencyAbout these fieldsWhat each issuer publishes about reserves, ratios, redemption, and terms. Feeds the transparency score on each issuer page; not a safety rating.
Scoring rules| Product | Proof of reserves | Reserve attestation | Share-ratio publication | Legal documents | Holder redemption |
|---|---|---|---|---|---|
| Backpack Securities tokenized securities | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Depositing a supported tokenized security into Backpack Exchange from your Solana wallet converts it back into traditional securities holdings.”Direct with the issuer | ||
| bStocks | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Conversion Service is available only to Users who are Eligible ADGM Subscribers or Eligible Secondary Investors and who have satisfied the applicable KYC screening and suitability requirements imposed by the Binance Platform.”Direct with the issuer | |||
| Coinbase tokenized stocks | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | |||
| Currenc tokenized ordinary shares | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | |
| Dinari dShares | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Settlement: Once filled, the result is settled on-chain in a single step: a buy mints dShares to the user's wallet, and a sell burns the dShares and releases the proceeds.”Direct with the issuer | ||
| OKXICE TSV | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | ||
| Ondo Stocks | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “For example, persons who purchase tokens from OGM or redeem tokens to OGM must first successfully complete OGM’s onboarding process, which includes know-your-customer (KYC) review; and OGM employs technical tools for wallet and transaction screening.”Direct with the issuer | |||
| Opening Bell | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokens can be converted back into book-entry shares. Some investors may choose to do this in order to then transfer them back into their traditional brokerage.”Direct with the issuer | |
| Robinhood Chain stock tokens | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You can also redeem them directly with the Issuer, where there is no authorized participant (a firm that processes redemptions on investors' behalf), subject to completing the Issuer's KYC/AML (identity verification) processes.”Via authorized participants | ||
| Robinhood Classic (Arbitrum) | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When selling Classic Stock Tokens, you can always sell them for their value in euros.”Direct with the issuer | ||
| Securitize Stocks | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | |
| Securitize tokenized securities | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | |
| xStocks | UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value | VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access to the primary market requires onboarding (KYC/AML). Once onboarded, a direct client can initiate issuance or redemption through the issuer platform.”Direct with the issuer |
Backpack Securities tokenized securities
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Supported Backpack regions; excludes US, UK, UAE, Japan and Backpack EU / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Depositing a supported tokenized security into Backpack Exchange from your Solana wallet converts it back into traditional securities holdings.”Direct with the issuer
bStocks
- Proof of reserves
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Eligible non-US jurisdictions; US prohibited persons excluded / any / secondary stage. Effective: unspecified. Verified against the source on 2026-10-09. “The Conversion Service is available only to Users who are Eligible ADGM Subscribers or Eligible Secondary Investors and who have satisfied the applicable KYC screening and suitability requirements imposed by the Binance Platform.”Direct with the issuer
Coinbase tokenized stocks
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
Currenc tokenized ordinary shares
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Legal documents
- Holder redemption
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Dinari dShares
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Settlement: Once filled, the result is settled on-chain in a single step: a buy mints dShares to the user's wallet, and a sell burns the dShares and releases the proceeds.”Direct with the issuer
OKXICE TSV
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Legal documents
Ondo Stocks
- Proof of reserves
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Supported non-US jurisdictions; jurisdiction-specific investor eligibility requirements apply / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “For example, persons who purchase tokens from OGM or redeem tokens to OGM must first successfully complete OGM’s onboarding process, which includes know-your-customer (KYC) review; and OGM employs technical tools for wallet and transaction screening.”Direct with the issuer
Opening Bell
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Supported jurisdictions; asset-specific eligibility / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Tokens can be converted back into book-entry shares. Some investors may choose to do this in order to then transfer them back into their traditional brokerage.”Direct with the issuer
Robinhood Chain stock tokens
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Non-US persons outside the US; additional restricted jurisdictions including Canada, UK and Switzerland / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “You can also redeem them directly with the Issuer, where there is no authorized participant (a firm that processes redemptions on investors' behalf), subject to completing the Issuer's KYC/AML (identity verification) processes.”Via authorized participants
Robinhood Classic (Arbitrum)
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Eligible EU/EEA residents; service-specific country availability and legal eligibility apply / retail / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “When selling Classic Stock Tokens, you can always sell them for their value in euros.”Direct with the issuer
Securitize Stocks
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Holder redemption
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
Securitize tokenized securities
- Proof of reserves
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Legal documents
- Holder redemption
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
xStocks
- Proof of reserves
- Reserve attestation
- UnknownUnknown. Applies to: jurisdiction unspecified / any / primary stage. Effective: unspecified. No source recorded.—Unknown: no documented value
- Share-ratio publication
- Legal documents
- Holder redemption
- VerifiedVerified. Applies to: Non-US eligible jurisdictions; no offers in prohibited jurisdictions / any / primary stage. Effective: unspecified. Verified against the source on 2026-10-09. “Access to the primary market requires onboarding (KYC/AML). Once onboarded, a direct client can initiate issuance or redemption through the issuer platform.”Direct with the issuer
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