Tokenized stocks are digital representations of real-world equities on a blockchain. They let investors buy and trade fractions of stocks, with the assets settled and tracked on-chain for transparent ownership. As one primer notes, “Tokenized stocks enable fractional ownership, letting investors buy tiny shares of assets,” opening high-value markets to more people worldwide (see this overview of RWAs and tokenized stocks). A key appeal is access and convenience: “A key tokenized-stock advantage: 24/7 trading, unlike traditional market hours,” enabling global participation across time zones, weekends included (Bankrate analysis). Below, we compare eight top-rated platforms offering tokenized equities, ETFs, and RWAs—what they support, how they handle custody and compliance, and where they shine on liquidity, fees, and user experience—so you can pick the best tokenized stock platform with global access for your goals.

ToVest: Innovative Global Access to Tokenized US Stocks and Real-World Assets

ToVest is a blockchain-powered fintech platform purpose-built for global market participation in tokenized US stocks and real estate, with fractional ownership, real-time settlement, and 24/7 trading. It combines deep liquidity with robust security and an intuitive interface to lower barriers for both retail and institutional investors.

Key features:

• Global access to tokenized US stocks and real-estate tokens with fractional ownership

• 24/7 trading, real-time data, and fast settlement to capture opportunities beyond local hours

• Advanced trading tools (alerts, margin controls, order types) suited to both active and long-term investors

• Enterprise-grade security: 2FA, cold-storage reserves for treasury assets, and rigorous operational monitoring

“Fractional ownership allows investors to buy and trade small portions of real-world assets, expanding access to high-value markets for global participants.” Learn more about the vision behind ToVest’s open-access infrastructure on the ToVest About page.

Kraken: Extensive xStocks with 24/7 Trading and Deep Liquidity

Kraken has been a leader in tokenized equity markets, offering 60+ U.S. stock tokens via xStocks on Solana and uninterrupted 24/7 trading. Independent comparisons frequently highlight Kraken’s strengths in breadth and execution quality: “Kraken consistently allowed 24/7 trading of tokenized stocks, including weekends,” and “Kraken was the top pick for liquidity, broader token lists, and reliable fills 24/7” (summary from DayTrading’s review of tokenized stocks).

Feature snapshot:

For active traders, the combination of broad token coverage, continuous markets, and high fill reliability is the draw.

Coinbase: Regulated Tokenized Stocks with Institutional Custody

Coinbase positions itself as a regulatory front-runner with institutional-grade custody and a compliance-first approach for tokenized assets. Coverage emphasizes secure custody, transparent operations, and interoperability for asset transfers—elements that matter to institutions and sophisticated retail investors alike. Importantly, “Coinbase told regulators it’s pursuing SEC approval for a tokenized stock offering in the U.S.,” signaling a serious path toward regulated access and distribution (Nasdaq report). The user experience leans familiar and intuitive, and the custody stack integrates with institutional workflows, making Coinbase a common short-list option for compliance-minded participants.

Gemini: User-Friendly Tokenized Equities and Competitive Fees

For EU-based users and beginners, Gemini’s streamlined interface, transparent fees, and fast onboarding make tokenized equities approachable. Reviews note that “Gemini offers an affordable, streamlined way to trade tokenized equities via ActiveTrader,” featuring around 40 U.S. names and partner integrations enabling compliant access for more regions and assets. A typical first-time flow looks like this:

1. Create and verify your account (KYC).

1. Fund with fiat or crypto.

1. Switch to ActiveTrader for lower fees and pro order types.

1. Select a tokenized stock, review disclosures, and place your order.

1. Monitor positions and manage custody preferences.

Bybit: Low-Cost Solana Settlements and Expanding Token Menu

Bybit was among the earliest to launch xStocks alongside Kraken, offering 60+ U.S. stock tokens on Solana with fast, low-cost settlement—an infrastructure choice that helps cut network fees and speed finality for global users.

How Bybit stacks up for token traders:

• Platform access: Web, mobile app, and API connectivity for active trading

• Asset types: U.S. tokenized stocks and ETFs, with a growing menu of RWAs

• Cost structure: Competitive maker/taker tiers; Solana-based settlement helps keep network costs low

Robinhood HOODX: Retail-Friendly Tokenized Stocks for Europe

Robinhood’s HOODX has introduced tokenized U.S. stocks and ETFs to select European users, delivering a familiar retail interface with crypto-native functionality. Reports indicate a steady EU/EEA rollout, tapping Robinhood’s mass-market UX strengths and brand recognition. Compared with crypto-native platforms, HOODX emphasizes a consumer-first experience—simple onboarding, a clean design, and tight integration with the broader Robinhood app—while exchanges like Kraken or Bybit may appeal to power users who prioritize token breadth and advanced trade tooling.

Ledger + Ondo: Hardware-Custody Access to Tokenized Stocks and ETFs

If you prefer self-custody, Ledger Live’s integration with Ondo brings hardware-wallet security to tokenized U.S. stocks and ETFs—reportedly surpassing 100 supported tickers with plans to expand. This route appeals to investors who value direct control of keys and DeFi composability while still accessing equity-like exposure.

Custody and breadth comparison:

Dinari: Early SEC Approval and Compliant Blockchain Equity Trading

Dinari has been reported as the first U.S.-approved blockchain equity trading platform in 2025, with partnerships that help other venues (including consumer-facing exchanges) onboard users compliantly. The focus is regulatory-grade issuance, transfers, and reporting to make tokenized equities work within U.S. and global rules.

Compliance and access highlights:

• Full KYC/AML onboarding and transaction monitoring

• Asset-level disclosures on underlying backing and rights

• Jurisdiction-based access controls for U.S. and global clients

• Integration hooks for partner platforms to route compliant orders

Securitize: Institutional Tokenization with Strong Compliance Tools

Securitize is built for issuers and institutions. It operates as an SEC-registered transfer agent and has reportedly tokenized billions of dollars in assets, pairing issuance services with secondary-market frameworks designed for compliance and scale. Where retail platforms optimize for ease of use, Securitize optimizes for cap-table integrity, programmable compliance, and enterprise workflows.

Institutional vs retail focus, at a glance:

Comparing Top Tokenized Stock Platforms

Here’s a side-by-side view of strengths and trade-offs across the landscape.

How to choose quickly:

• Start with access: confirm your region is supported and complete KYC.

• Compare liquidity and trading hours for your target tickers.

• Check fee schedules (maker/taker, spreads, network costs) versus your trading style.

• Decide on custody: exchange convenience or hardware self-custody.

• For a balanced, global option with strong tools and security, explore ToVest’s platform for next steps.

Liquidity and Trading Hours

Liquidity is the ability to buy or sell with minimal price impact. Deeper books and 24/7 markets reduce slippage and timing risk. Independent reviewers cite Kraken for deep liquidity, broad token lists, and reliable fills—even on weekends. To gauge market activity, consider token-level metrics: for instance, a tokenized S&P 500 ETF such as SPYX was estimated to carry a market cap around $10.3M in 2025 (Webopedia roundup). A simple way to rank platforms:

1. Deep liquidity and 24/7: Kraken, Bybit

1. Strong UX, building depth: Gemini, Robinhood HOODX

1. Institutional rails, emerging retail access: Coinbase, Securitize, Dinari

1. Self-custody path with broad coverage: Ledger + Ondo

Fees and User Experience

Fees typically follow fixed, percentage, or volume-tiered maker/taker models; spreads and network fees also matter. Platforms like Gemini emphasize clear, competitive pricing via ActiveTrader, while crypto-native venues provide granular order controls for advanced users. Consumer-first apps (Robinhood, Gemini) minimize friction for beginners; institutional platforms (Coinbase, Securitize) focus on compliance tooling, custody, and transfer workflows for larger allocators.

Quick view of fees and UX standouts:

• ToVest: Transparent tiers, pro tools, streamlined onboarding

• Kraken/Bybit: Competitive maker/taker, robust pro interfaces and APIs

• Gemini: Low, transparent fees on ActiveTrader; clean navigation

• Robinhood HOODX: Familiar retail UX; straightforward orders

• Coinbase: Institutional custody, compliance-first experiences

• Ledger + Ondo: Self-custody; network/protocol fees apply

• Dinari/Securitize: Pricing via compliant issuance and institutional arrangements

Regulatory Compliance and Custody Options

Regulatory compliance means adhering to KYC/AML standards, securities rules, disclosures, and reporting—especially critical for tokenized stocks. Coinbase and Dinari have signaled strong regulatory intent and approvals in their respective domains, while hardware custody via Ledger + Ondo serves investors who prefer self-custody over exchange-held assets. Consider:

• Exchange custody: convenience, integrated trading, but counterparty risk

• Qualified/institutional custody: required for some mandates, higher assurances

• Hardware self-custody: maximum control of keys; user takes on key management

Risks and Security Considerations

Tokenized stocks are often treated as securities; access can be limited by jurisdiction or investor status, and users should verify token backing, issuers, and disclosures before trading. While on-chain records can improve auditability and security through immutable ownership histories, risks remain around platform solvency, regulatory shifts, and operational controls. Do this before investing:

• Verify the platform’s license, disclosures, and jurisdictional permissions

• Confirm asset backing, redemption mechanics, and rights

• Review custody protections (2FA, cold storage, insurance) and withdrawal policies

• Start with small test trades; monitor slippage and fees in live conditions

Frequently Asked Questions

What Are Tokenized Stocks and How Do They Work?

Tokenized stocks are blockchain-based tokens that represent fractional ownership of real equities, enabling 24/7 buying, selling, and transfers without traditional market-hour constraints.

What Are the Benefits of Investing in Tokenized Stocks?

They offer fractional ownership, faster settlement, enhanced liquidity, and global 24/7 access, reducing barriers for retail investors and enabling flexible portfolio strategies.

How Does Fractional Ownership Function in Tokenized Assets?

Assets are divided into digital tokens so investors can buy and trade small portions, increasing accessibility and diversification potential.

What Should Investors Consider Regarding Regulation and Security?

Confirm platforms comply with local regulations, provide secure custody, and transparently back each asset, as protections and access rules can vary widely.

How to Choose the Best Tokenized Stock Platform for Global Access?

Match liquidity, 24/7 availability, fees, regulatory posture, and custody model with your goals and region to select the most suitable platform, including exploring what ToVest can offer.