[Grayscale: Ethereum, Solana, BNB Chain, Avalanche, and Canton Network Poised to Benefit from Stock Tokenization] Odaily Planet Daily News – Grayscale released a study on July 9 stating that stock tokenization will undergo a three-phase development, with Ethereum, Solana, BNB Chain, Avalanche, and Canton Network most likely to benefit as ownership models evolve. Grayscale noted that third-party wrapped tokens account for over 70% of the market capitalization of tokenized stocks. Under this model, traditional stocks are placed in special-purpose vehicles, and investors receive tokens representing claims on the vehicle's equity rather than direct ownership. These wrapped assets operate on Ethereum, Solana, and BNB Chain, enabling trading and integration into decentralized finance applications. Grayscale identified the pilot program planned by DTCC as the second phase of stock tokenization development, with Canton Network set to be the first blockchain used in DTCC's tokenization pilot. The third phase involves issuer-sponsored tokenization, where companies natively issue securities on-chain. Securitize became the first publicly listed company to tokenize its common stock when it was listed on the New York Stock Exchange. Grayscale expects wrapped tokens, DTCC equity models, and issuer-sponsored issuance to coexist in the coming years. (Bitcoin.com News)