The five-layer architecture of the main stock-tokenization sector.

The issuance layer, public blockchain layer, oracle layer, trading layer, and collateralized lending layer are essentially a retelling of the DeFi narrative in crypto, from beginning to end. When crypto first started telling the story of this sector, the whole segment took off. A landmark event was $COMP surging more than a hundredfold in 2020/21, while infrastructure was being built at the same time.

This time, stock tokenization already has a complete Web3.0 infrastructure, from on-chain issuance to collateralization. Each layer has corresponding service products, as well as relevant projects and leading tokens. $ONDO has remained relatively under the radar, because it had been trading sideways for so long that people overlooked its existence.

This time around, it has been relatively resilient to declines and may be gearing up for a weekly-chart-level move. It may be worth keeping an eye on.

#DeFi #ONDO