Tokenized U.S. Stocks Surge:

Major exchanges like Bybit, Kraken, and Robinhood have launched asset-backed on-chain stock products on Solana and Arbitrum, primarily targeting global (non-U.S.) users. Compared to the previous wave led by FTX, Binance, and Mirror Protocol, the new generation of tokenized U.S. equities focuses more on compliance, 1:1 real-asset backing, and integration with DeFi.

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