Odaily reported that Galaxy’s research head posted on X about tokenized stocks, saying the sector has drawn broad attention. According to the post, apart from Operate, tokenized stocks can generally be grouped into two categories: issuer-supported products and third-party-supported products.
Issuer-backed and third-party-backed models
For the issuer-supported category, the Galaxy research head cited GLXY as an example. In this model, the relevant issuer is described as directly supporting the tokenized stock structure. The second category is supported by third parties rather than by the stock issuer itself. Examples named in the post include Ondo and xStocks.
The research head also noted that Coinbase has announced plans to launch its own version of tokenized stocks. However, Coinbase has not yet explained the specific operating mechanism for that version. Details such as its support structure, execution process, and how it differs from existing examples were not further described in the post.