The tokenized stock market is increasingly focusing on a unified brokerage platform

The industry of tokenized securities is facing an extraordinary dependence on a single brokerage firm. An analysis conducted by NS3.AI indicates that leading projects in the tokenization space are increasingly relying on the services of the same business structure to carry out basic stock acquisition operations.

Key Projects Choose a Single Intermediary

Well-known names like Ondo Finance, xStocks from Kraken, and Dinari are choosing the same channel to execute their transactions. This is not a coincidence but a result of specific market conditions. Each of these projects needs a reliable partner to acquire underlying assets that form the basis for their tokenized versions.

Limited Options: Why Monopolization Is Increasing

Concentration around one brokerage structure is driven by the limited number of industry representatives. Currently, very few professional intermediaries are willing to venture into this new market segment. Tokenization companies have little choice and are forced to work with those who demonstrate understanding of the technology and readiness to engage in entrepreneurial alliances.

Systemic Vulnerability Is Growing

This dependence on a single player increasingly creates potential risks for the entire industry. If one broker controls a critical portion of transactions, it raises systemic risk and limits the true decentralization that should be at the core of tokenized assets. The spread of this practice means the industry is losing one of the main advantages of blockchain technology.

The development of the tokenized stock market remains dynamic, but close attention must be paid to how further consolidation around a limited number of brokers unfolds.