Major crypto exchanges and financial firms are increasingly offering tokenized stock and ETF products to capture demand for RWAs

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Other key players interested in, or involved in, the tokenization of RWAs like equities include Injective, Plume Network, Backed, and Republic. Coinbase and Kraken are also keen to offer users tokenized stocks like Tesla and Apple.

Exchanges in particular are zeroing in on tokenized stocks and exchange-traded fund (ETF) offerings.