According to a recent report from Animoca Research, tokenized stocks are becoming a key development trend in the global crypto market. Gate Exchange has already taken the lead in this area, launching dedicated trading zones for xStocks and Ondo. With a strong focus on this sector, Gate Exchange has consistently ranked among the top globally in terms of trading volume, becoming a key driver of the tokenized asset market. According to the report, as of September 6, 2025, the market capitalization of tokenized stocks has reached $127 million (excluding EXOD), a 14-fold increase year-to-date. Major market participants include Backed (xStocks) and Ondo Global Markets, with a combined market share of 95%.