"The Revolution of Stock Tokenization: Market Dynamics, Product Architecture, and Regulatory Moats – A Comprehensive Report" (by Foresight Ventures) The market has essentially formed a duopoly: Ondo leads with a 53% share through liquidity engineering, while Backed/xStocks holds a 23% share by leveraging regulatory arbitrage. Technology is no longer the moat—regulation is. Building a cross-border licensing system across the U.S., EU, and offshore jurisdictions has become the hardest-to-replicate competitive barrier. Tokenization is not just about optimization; it bypasses the administrative bottlenecks of traditional securities businesses by offering a global, 24/7 liquidity layer. Platforms capable of instant settlement and cross-border distribution will hold the pricing power. Read the full article: https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=47&id=58110