ToVest's Roadmap 2026 is not for showing off – but for you to rest assured about depositing your money for life

25 ธันวาคม 2568

2025 Guide to the Highest‑Rated Tokenized Stock Platforms with Worldwide Access

Global access to tokenized stocks accelerated in 2025 as exchanges, issuers, and custodians converged on faster settlement, 24/7 trading, and broader cross‑border availability. Tokenized stocks are blockchain-based representations of traditional equities, allowing investors to trade fractional shares of real-world assets like US stocks, around the clock, across global venues. Liquidity continues to deepen: Webopedia’s 2025 xStocks roundup noted SPYX (a tokenized S&P 500 ETF tracker) reaching roughly $10.3 million in tokenized market cap by mid‑2025, alongside growing listings for AAPLX, COINX, and others. For non‑US investors, the “best” platform hinges on jurisdictional eligibility, custody preferences, and the need for crypto settlement or institutional‑grade safeguards. This guide reviews the leading platforms and how to choose the right fit. ToVest: Leading Platform for Global Tokenized Stock Trading ToVest bridges traditional market exposure and blockchain-native access so global investors can trade tokenized US stocks and other real‑world assets with secure, data-rich tools and fast settlement. The platform delivers real‑time market data, fractional ownership, crypto and fiat funding, and advanced features such as margin and leverage—backed by robust security and comprehensive portfolio analytics for both retail and institutional investors. For background on our mission and infrastructure, see the ToVest overview. Primary features at a glance: Kraken: Major Exchange with Deep Liquidity and Multi-Blockchain Support Kraken is a high‑liquidity venue where many international traders access popular xStock tickers such as SPYX, AAPLX, and COINX across multiple chains, benefiting from deep pools and broad usage highlighted in Webopedia’s 2025 xStocks analysis. Its familiar interface, mature fiat on/off ramps, and large user base make it approachable for newcomers to tokenized equities. Non‑US users should confirm local eligibility and be aware that certain products may face periodic jurisdiction‑based restrictions. Bybit: Crypto-Native Tokenized Stock Venue with 24/7 Trading Bybit offers round‑the‑clock tokenized stock trading with seamless crypto settlement—ideal for users who want to buy, sell, or rebalance outside traditional market hours. It supports leading xStocks like COINX and AAPLX, leverages deep crypto liquidity, and typically settles in stablecoins such as USDT. For many global investors, fast onboarding without a local brokerage account is a key advantage, as noted in Bybit’s tokenized stock overviews. Backed Finance: Swiss-Regulated Issuer with Strong Compliance Focus Backed Finance operates as a Swiss‑regulated issuer of tokenized stocks and ETFs, collaborating with regulated custodians to safeguard underlying assets and provide clear, auditable backing. Popular token standards include ERC‑20 on Ethereum and SPL on Solana—protocols that define how tokens are issued and moved, enabling multichain listings and broad wallet compatibility. For cross‑border investors, rigorous compliance, proof‑of‑reserves, and transparent legal structures from issuers like Backed help ensure reliable asset backing and regulatory clarity, as emphasized in CoinGape’s RWA platform review. Securitize Markets: Institutional Custody and Compliant Token Issuance Securitize Markets combines US registration with multichain issuance (ERC‑20 and bridging) and integrations with leading institutional custody providers such as Anchorage, BitGo, Fireblocks, and Copper, according to CoinGape’s institutional RWA coverage. Institutional custody refers to a regulated third party that holds digital assets on clients’ behalf, providing audited controls, segregation, and regulatory assurance. That makes Securitize a strong fit for institutions and compliance‑centric investors seeking legal enforceability and enterprise‑grade operations. Coinbase and Coinbase Prime: Institutional-Grade Tokenized Asset Access Coinbase’s consumer and Prime platforms deliver broad international reach and institutional infrastructure. Public figures cited in 2025 include roughly 108 million verified users across 100+ countries, about $1 trillion in annualized trading volume, and over $425 billion in assets held, as summarized by The Motley Fool’s coverage of blockchain leaders. Prime users benefit from negotiated fees, detailed reporting, and cold‑storage security. Availability varies by jurisdiction and product, so confirm local eligibility before onboarding. Solana-Based DEXs and Multichain Venues: Fast, Cost-Effective Token Trading A decentralized exchange is a peer‑to‑peer trading venue without a central intermediary, often enabling lower fees, rapid settlement, and self‑custody. Solana‑based DEXs are popular launchpads for xStocks such as AAPLX, SPYX, and CRCLX thanks to sub‑second finality and low transaction costs, trends documented in Webopedia’s 2025 xStocks guide. Keep in mind that listings often span multiple chains and DEXs, which can fragment liquidity and require careful venue selection for best execution. How to Choose the Best Tokenized Stock Platform as a Non-US Investor Consider these factors when evaluating platforms: Regulatory standing and where they’re allowed to serve you Liquidity depth, fees, spreads, and supported asset range Custody model (self, third‑party, institutional) and investor protections Funding rails (crypto, bank, card), settlement speed, and analytics Transparency on asset backing, audits, and proof‑of‑reserves Comparison snapshot for non‑US investors: Before funding an account, verify token legitimacy (custody disclosures, audits, proof‑of‑reserves) and confirm the most current access lists and regional policies, a best practice echoed in XBTO’s 2025 RWA use‑case analysis. Frequently Asked Questions What are the advantages of investing in tokenized stocks? Tokenized stocks provide 24/7 trading, fractional ownership, and global access without needing a traditional brokerage, simplifying cross‑border exposure to US equities. How do liquidity and trading hours differ on tokenized stock platforms? Trading is continuous, and while liquidity tends to cluster in leading tickers, you can execute and rebalance outside regular market hours. What security and custody features should investors look for? Investors should prefer regulated custody arrangements, transparent proof‑of‑reserves, and routine audits to validate asset backing and safeguard holdings. How does regulation impact access to tokenized stock platforms worldwide? Local rules determine which platforms and products are available to you and set KYC, disclosure, and investor‑protection requirements. Can non-US investors use leverage or margin trading on these platforms? Yes, some platforms offer margin and leverage to non‑US users, subject to local laws and platform‑specific eligibility.

30 ธันวาคม 2568

Ethereum vs Solana: Which Blockchain Excels at Tokenized Stock Trading

Tokenized stocks turn traditional shares into blockchain-based tokens, unlocking fractional ownership, 24/7 markets, and near-instant settlement. With tokenized stock volumes reportedly surging 2,695% year-to-date in 2025, investor appetite is clearly accelerating, especially outside legacy broker rails (MEXC report). So which chain serves these markets best? In short: Ethereum—often via Layer-2 networks—leads for regulated, custody-heavy tokenized equities that require deep liquidity and compliance. Solana excels for consumer-grade, high-frequency microtrades where ultra-low fees and speed dominate. The right fit depends on whether your priority is institution-grade settlement and integrations (Ethereum) or mass-market execution scale and cost efficiency (Solana). Overview of Tokenized Stock Trading Tokenized stock trading represents shares of public companies as on-chain tokens. This format enables fractional ownership, global access without traditional brokerage accounts, continuous 24/7 markets, and fast settlement. Adoption is expanding quickly, with tokenized stock activity up 2,695% year-to-date in 2025, highlighting a shift toward blockchain-based trading and fractional share access (MEXC report). Key Attributes Required for Tokenized Stock Platforms To power tokenized equities effectively, a blockchain must deliver: Secure settlement and custody, protecting investor assets and enabling compliance-grade workflows. High throughput and low latency that keep trading responsive during peak demand. Liquidity and composability across DeFi—the ability for apps and assets to interoperate seamlessly, enabling lending, margin, automated market making, and cross-market routing (Backpack Exchange guide). Ethereum Blockchain for Tokenized Stock Trading Ethereum remains the most institutionally trusted base for compliant tokenized equities, supported by a large developer community, strong security, and deep integrations with regulated custodians. Its dApp footprint exceeds 4,000, and DeFi liquidity is among the deepest in crypto, underpinning robust settlement and secondary markets. Security and Institutional Trust Institutional trust hinges on security, auditability, and credible decentralization. Ethereum’s validator count is widely cited at 11,000+ versus Solana’s ~1,400, underscoring broader validator distribution and a mature security record (99Bitcoins analysis). Running since 2015 under a Proof-of-Stake consensus, Ethereum is also the preferred chain for numerous compliance-first tokenization efforts; for example, regulated initiatives referencing Superstate’s approach lean toward Ethereum settlement layers. Ecosystem, Liquidity, and Composability Ethereum’s liquidity is reinforced by an extensive network of automated market makers, lending protocols, prime brokers, and institutional custodians, making it straightforward to compose advanced strategies like collateralized margin, portfolio credit lines, and smart-order routing across venues (Built In overview). Unable to copy while content loads Layer-2 Solutions and Cost Efficiency Layer-2s inherit Ethereum’s security while delivering higher throughput and drastically lower fees. In practice, L2s often bring sub-cent execution, whereas Ethereum Layer-1 gas can spike from $5 to $50 during peak congestion. For tokenized stocks, this enables high-frequency yet compliance-friendly trading without sacrificing trusted final settlement. Solana Blockchain for Tokenized Stock Trading Launched in 2020, Solana is engineered for speed and cost efficiency, optimized for consumer-scale and high-frequency execution. It now accounts for over half of global decentralized exchange volume and reached roughly 3.25 million daily active users by September 2024, compared with about 410,000 on Ethereum. Its developer stack, centered on Rust and C, is increasingly favored for latency-sensitive products. High Throughput and Low Latency Solana’s theoretical capacity reaches 65,000 TPS, with practical throughput commonly in the 3,000–5,000 TPS range, block times around 400 ms, and average finality near 2.5 seconds—well-suited to rapid order placement and microtrading. For comparison, Ethereum’s base layer processes roughly 30 TPS with ~12-second block times. Cost Advantages for Microtrading With typical transaction fees near $0.00025, Solana makes frequent, fractional, and intraday rebalance strategies economical at retail scale. This changes the design space for tokenized equities, enabling rapid-fire orders, granular dollar-cost averaging, and intelligent basket reweights that would be cost-prohibitive on higher-fee networks. Unable to copy while content loads Current Ecosystem and Liquidity Landscape Solana’s ecosystem features 500+ dApps and growing real-world asset participation, with TVL momentum that increasingly attracts both retail and institutions—though custody coverage and deep pools still trail Ethereum in many regulated contexts. Solana’s Proof of History combined with Proof of Stake benefits performance but relies on relatively specialized hardware, a factor often cited in decentralization debates. Performance and Cost Comparison Unable to copy while content loads In practice, Ethereum’s L2s narrow Solana’s raw speed/cost advantage while preserving Ethereum’s security and integrations—an important trade-off for tokenized stock venues. Security, Decentralization, and Reliability Analysis Decentralization is about validator diversity and resilience to capture. Ethereum’s broader validator base underpins institutional confidence and uptime, while Solana’s higher hardware requirements can tilt the network toward larger operators. Ethereum has a longer track record of operational stability; by contrast, Solana’s occasional downtime has raised questions for custody and compliance-focused deployments. For tokenized equities, reliability, auditability, and recovery procedures are as critical as speed. Ecosystem Maturity and Institutional Integrations Ethereum’s standards (ERC tokens, wallet interfaces), battle-tested infrastructure, and regulated custodians simplify compliance workflows and audits for tokenized stocks. Policy frameworks and regulated issuers—such as those aligned with the Superstate approach—often prefer Ethereum as the settlement layer. Solana, meanwhile, is rapidly expanding in real-world asset activity and excels where experimentation, consumer UX, and cost-sensitive execution matter most. Practical Guidance: Choosing Between Ethereum and Solana Ethereum/L2: Best for compliance-first platforms that require deep liquidity, institutional custody, robust audit trails, and advanced composability. Solana: Best for consumer-facing, high-frequency, and microtrade-heavy products that prioritize speed and ultra-low fees. Unable to copy while content loads Blockchain-Based Platforms Offering US Stock Trading Many on-chain platforms offering US equities rely on Ethereum (and L2s) for settlement and custody, and Solana for high-speed execution paths. ToVest integrates both networks to deliver fractionalized US stocks, instant execution, leverage tools, and global availability—combining crypto-native funding, transparent settlement, and a streamlined trading experience. ToVest Platform Capabilities and Differentiators Unable to copy while content loads Frequently Asked Questions What makes a blockchain suitable for tokenized stock trading? Strong security, high throughput, low fees, and integrations for custody and regulatory compliance are essential. How do settlement speed and fees impact trading strategies? Lower fees and faster finality enable frequent, fractional, and high-frequency strategies that aren’t practical on costlier, slower networks. Which blockchain offers better regulatory compliance for tokenized equities? Ethereum generally leads on compliance and custody integrations, especially when paired with Layer-2 scaling. Can traders use both Ethereum and Solana for different purposes? Yes—many traders combine Ethereum for secure settlement and compliance with Solana for low-cost, high-speed execution. What should investors consider when choosing a tokenized stock platform? Evaluate security, transparency, fees, asset coverage, compliance features, and ease of access.

21 เมษายน 2569

Pre-IPO Asset Recommendation Report

I. Macro Background & Investment Logic The three "super tracks" of Artificial Intelligence (AI), Commercial Space, and Next-Gen Defense Technology have encountered an unprecedented resonance of capital and technology between 2024 and 2025. Generative AI, represented by Large Language Models (LLMs), is reshaping the global productivity landscape; reusable rockets and satellite internet in the commercial space sector have entered a commercial harvest period; and global geopolitical tensions have catalyzed a massive demand for "Software-Defined Defense." Simultaneously, the fusion of Decentralized Finance (DeFi) and information markets is opening up entirely new asset classes. This report features 5 selected core Pre-IPO targets covering the most frontier tracks: Artificial General Intelligence (AGI), Space Transportation & Satellite Internet, AI Safety, Next-Gen Defense Tech, and Prediction Markets. These assets are currently in the primary market stage with rapidly accelerating valuations, representing rare opportunities to position yourself before the IPO window opens. II. Detailed Asset Analysis OpenAI —— The Leader of Artificial General Intelligence Core Business: The world's leading AI research and product company. Developer of era-defining products such as ChatGPT, GPT-4o, the "o" series reasoning models (o1/o3), and the video generation model Sora. It provides AI infrastructure services to millions of enterprises and developers globally via its API platform. Investment Highlights: ChatGPT's weekly active users have surpassed 300 million, solidifying its position as the "Super Traffic Gateway" of the AI era. The company is transitioning from a "Capped-Profit" structure to a fully "For-Profit" entity, a move widely seen as a key step toward an IPO. Microsoft has invested a cumulative total of over $13 billion. In early 2025, a massive $40 billion funding round led by SoftBank set a record for the largest single venture capital round in history, bringing the post-money valuation to approximately $300 billion. SpaceX —— The Absolute Hegemon of Space & Satellite Internet Core Business: The world's largest commercial aerospace company. Core business covers three major sectors: reusable rocket launch services (Falcon 9/Falcon Heavy), the next-gen super-heavy launch system (Starship), and the Starlink global satellite broadband service. Investment Highlights: Falcon 9 has achieved industrial-scale high-frequency reuse, completing over 130 orbital launches in 2024, accounting for over 60% of the global orbital launch mass. Starlink users have exceeded 4 million across over 100 countries, becoming the core revenue engine and reaching profitability. Starship is in intensive testing; once fully reusable, it will reduce the cost per kg to orbit to 1/10 of current levels. The potential for a "Starlink Spin-off IPO" remains a high-focus catalyst for the market. Anthropic —— The Benchmark for AI Safety & Enterprise AI Core Business: A frontier AI company focused on AI safety. Developer of the Claude series of LLMs, providing secure, reliable, and interpretable AI solutions and API services for enterprise clients. Investment Highlights: Claude excels in the enterprise market, particularly in ultra-long context processing (supporting over 200,000 tokens). Amazon has invested a cumulative $8 billion, integrating Claude deeply into AWS Bedrock. Using "Constitutional AI" as its core framework, the company has built a high technical moat in AI Alignment. A funding round completed in March 2025 pushed its valuation to approximately $61.5 billion, with Annual Recurring Revenue (ARR) surging from approximately $500 million in mid-2024. Google is also a key strategic investor with a $2 billion stake. Anduril Industries —— The Silicon Valley Disruptor of Defense Tech Core Business: A next-gen defense tech company centered on "Software-Defined Defense." Products include the Lattice OS (autonomous command and control), Ghost (autonomous reconnaissance drones), Altius (loitering munitions), and Anvil (anti-drone interceptors). Investment Highlights: Founded in 2017 by Palmer Luckey, Anduril challenges the "Big Five" defense giants using a Silicon Valley model: "fast iteration, software-first, and self-funded R&D." Lattice OS is its core competitive barrier, integrating data from satellites, radars, and drones into a unified autonomous decision network. Revenue is rapidly approaching the $1 billion mark. A $1.5 billion funding round in December 2024 raised its valuation to approximately $28 billion. The company is building a "super-factory" named Arsenal to achieve mass production of defense hardware, similar to Tesla’s Gigafactory. Polymarket —— Pioneer of Prediction Markets & Info-Finance Core Business: The world's largest decentralized prediction market platform, allowing users to trade on real-world event outcomes (elections, sports, economics) in real-time. Built on the Polygon blockchain for transparency and efficiency. Investment Highlights: Achieved massive fame during the 2024 US Election with cumulative trading volume reaching billions of dollars. Its pricing accuracy often surpassed mainstream polls, making it a phenomenal "information aggregation tool." It received $70 million in Series B funding led by Founders Fund. Note: Due to CFTC regulatory uncertainty, it is currently not open to US residents; regulatory risk is the primary uncertainty for this target. III. Core Estimated Financials & Valuation Data ⚠️ Disclaimer: The following data is based on private company information, news releases, SEC filings (if any), and analyst estimates. These are not audited financial statements. IV. Investment Advice & Risk Warnings Allocation Strategy Core Holdings: SpaceX and OpenAI are recommended as the anchors of a Pre-IPO portfolio due to their absolute leadership, proven business models, and clear IPO paths. Diversification: Anthropic serves as a specialized AI play focused on safety and enterprise compliance, while Anduril offers high-elasticity exposure to geopolitical and defense modernization trends. Speculative: Polymarket is a high-risk, high-reward play suitable only for very small allocations due to regulatory uncertainty. Risk Warnings Pre-IPO assets possess extremely low liquidity and long capital lock-up periods. Furthermore, valuations depend entirely on private market transactions and lack the price discovery mechanisms found in public markets. Investors should pay particular attention to the following: Valuation Bubble Risk: Current primary market valuations for AI and Space sectors are at historical highs (P/S ratios of 20–40x). If market sentiment cools after an IPO, there is a possibility of a significant valuation correction. Legal and Policy Risk: AI oversight (specifically the EU AI Act and U.S. Executive Orders), space debris regulations, and the legal status of prediction markets could all materially impact business operations. Cash Burn Rate Risk: The annual losses for OpenAI and Anthropic remain in the billions of dollars. The ability to continue raising capital is a prerequisite for maintaining their valuations; if the capital market environment deteriorates, there is a risk of a "Down Round" (raising capital at a lower valuation than the previous round). Key Personnel Risk: There is a heavy reliance on Elon Musk at SpaceX and Palmer Luckey at Anduril. Geopolitical Risk: Drastic changes in international relations could simultaneously affect defense contracts, space cooperation, and cross-border AI services. ⚠️ Disclaimer: The financial data for the Pre-IPO companies in this report consists of estimated values based on public information, not audited financial statements, and does not constitute any form of investment advice. Primary market investment involves high degrees of uncertainty and liquidity risk; investors should make prudent decisions based on their own risk tolerance. Some data is current as of Q1 2025 and may not reflect the most recent developments.