The on-chain stock tokenization sector continues to heat up. According to data, the total market value of related assets has surpassed $1.2 billion, with two significant growth periods in September and December. This indicates that tokenized equity is rapidly moving from a small-scale exploration phase to large-scale commercial use.

In this wave of growth, the main driver in September was Backed Finance's xStocks product launching on the Ethereum mainnet. The platform listed approximately 60 stock tokens in a short period and distributed them through multiple mainstream exchanges, significantly lowering the barrier for ordinary users to participate in on-chain stock trading. This move marks a shift from a playground for geeks and institutional investors to a financial tool aimed at a broader user base.

Market response shows that the momentum in December was equally strong. This demonstrates that investors remain optimistic about compliant and convenient on-chain equity assets, and the sector's popularity has not waned but is steadily consolidating. With more projects and platforms entering the space, tokenized equity is expected to become the next major sector in Web3 finance.