What 4 Million Tokenized-Stock Wallets Say, and Don’t Say, About Adoption
I think retail adoption of tokenised assets is coming through convenience, not through rights-first design. Tessera was built on that bet - permissionless access for retail - so read what follows as an interested party's case. The clearest evidence I have seen for it came from somewhere I did not expect at all: a memecoin launchpad.
Two designs
The tokenisation industry split two ways. One camp put the registered share itself on-chain: verified rights, holders checked in advance, transfers restricted to approved wallets. The other built tokens that give economic exposure, which eligible holders can keep in any wallet and move freely. Tessera is in the second camp.
RWA.xyz counted 4,010,763 addresses holding tokenised stocks on 28 September, up 67% in thirty days. Its platform pages, read the same day, show where some of them sit:
- bStocks: 1,402,291 holders.Issued by a Binance group affiliate, according to RWA.xyz, which classifies...
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