[Gate Research Institute Report: Tokenized Stock Market Cap Surpasses $500 Million, Growing Over 50-Fold] Gate Research Institute has released the report titled 'The Route Battle of Tokenized Stock Solutions,' analyzing the current state and divergent paths of tokenized stocks. The report reveals that the total market capitalization of tokenized stocks (including ETFs) has surpassed $500 million, growing over 50-fold this year. However, its penetration rate in the global stock market and ETFs is approximately 0.0004% and 0.003%, respectively. The report compares models such as xStocks, Ondo Global Markets, StableStock, and Robinhood, highlighting three major bottlenecks in the sector: liquidity fragmentation, demand mismatch, and compliance fragmentation. It also predicts future trends, including asset expansion to ETFs, Pre-IPO, perpetual contracts, regional implementation, and participation by traditional financial giants.