Svmuu News: Grayscale released a report on July 9 stating that stock tokenization will undergo three stages of 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 more than 70% of the market value of tokenized stocks. Under this model, traditional stocks are placed into special-purpose vehicles, and investors receive tokens representing claims to the vehicle’s equity rather than direct ownership. These wrapped assets operate on Ethereum, Solana, and BNB Chain, are tradable, and can be integrated into decentralized finance (DeFi) applications. Grayscale identifies the pilot program planned by the DTCC as the second phase of tokenized stock development, with Canton Network set to become the first blockchain used in the DTCC’s tokenization pilot. The third phase involves issuer-sponsored tokenization, in which companies issue securities natively on-chain; Securitize became the first publicly traded company to tokenize its common stock when it listed on the New York Stock Exchange. Grayscale expects wrapped tokens, the DTCC equity model, and issuer-sponsored offerings to coexist over the coming years. (Bitcoin.com News).