Stock tokenization is quietly reshaping the investment landscape—the past three months alone have witnessed remarkable momentum in this space. Two protocols are standing out from the pack: Backed Finance with their StockX offering and Ondo Finance's stock-focused initiative, both capturing significant traction.

Here's where it gets interesting: combined TVL across these platforms has reached approximately $2.8 billion. Sounds substantial, right? But zoom out. The broader tokenization market is currently valued at $324.7 billion. That means we're looking at less than 1% penetration.

Still very much in the early innings. The runway for growth in stock tokenization is massive.