Where to buy tokenized stocks
Tokenized US stocks are sold through a dozen apps, and most comparisons rank the apps. The issuer matters more: it decides how many names exist, which chains they settle on, and which countries may hold them. Two issuers exclude US persons outright and one of those also excludes the UK, Canada and Australia. This page compares the issuers first and the apps second. Checked 22 September 2026.
Ribhav Modi, Growth at Fensory. Checked each product against its own documentation and, where the project is open source, against the GitHub API.
Published 2026-09-22, last edited 2026-09-22. Every competitor claim was read against its own source on 2026-09-22, and Ribhav Modi re-checks them quarterly. Fensory appears in this comparison and sells a trading account.
The comparison
| Server | Who holds the funds | Credential on your machine | Places the order | What stops a bad order | Where you can open it | Maintained |
|---|---|---|---|---|---|---|
| xStocks through an exchange | The exchange, unless you withdraw | Exchange login. No wallet needed | You place the order | Whatever the exchange enforces on your account | Not available in the United States, United Kingdom, Canada, Australia or sanctioned jurisdictions | Active, distributed by five named venues |
| xStocks in your own wallet | You | Your own wallet keys | You place the order, wherever you bought it | None. Self-custody means the mistakes are yours too | Same exclusions as above. The issuer restricts the asset, not the wallet | Active |
| Ondo Global Markets, direct | You. Tokens transfer peer to peer | Your own wallet | You mint and redeem | None documented beyond eligibility | Not available in the United States. Eligible non-US persons only, outside restricted jurisdictions | Active |
| Dinari dShares | Split. The token is yours; the underlying shares are "held in custody by a registered US broker-dealer" | A wallet, which must clear verification first | You place the order | Wallets "must clear KYC/KYB verification before interacting with dShares", and accredited-investor status is "enforced at the contract level" where legally required | 85+ jurisdictions including the EU under MiFID II, Hong Kong and Latin America. The only route here with a US-facing structure | Active. Smart contracts audited by Hacken and others |
| FensoryOurs | You. Tokens settle to a wallet you control | None. OAuth through a Fensory account | You, or an agent you configure | Kill-switch, market allow-list and a per-order cap, enforced on the account | Not available to US persons. Fensory AG is Swiss | Active, hosted |
You are choosing an issuer, not an app
Buy a tokenized Apple share on Kraken, Bybit, Gate or Bitget and you are buying the same token from the same issuer. xStocks names all four as distributors on its own site. The app changes the fees, the interface and whether you can withdraw the token; it does not change what the token is, which chains it lives on, or whether you are allowed to own it.
Those are the issuer’s decisions, and the issuers differ more than the apps do. xStocks publishes 811 stocks and ETFs across ten chains and is unavailable in the United States, the United Kingdom, Canada and Australia. Ondo Global Markets publishes 450+ across three chains and is unavailable in the United States. Dinari runs a different structure entirely, through an SEC-registered broker-dealer, which is what lets it reach US buyers where the other two cannot.
The second question, and the one most lists skip, is what the position can do after you own it. On a custodial exchange the answer is usually hold it and sell it later, which wastes most of the reason to put a share on a chain. In a wallet you control, the same token can move, settle peer to peer and in some cases be used in DeFi. xStocks names Morpho, Orca and Kamino; that is the issuer speaking about its own token, not a claim of ours.
The routes to owning one
xStocks through an exchange
Built by the venueThe most common route. xStocks names Kraken, Bybit, Gate.io, Bitget and 360x as distributing venues on its own site. You buy on the exchange and, on most of them, the token stays there.
- What it reaches
- Tokenized US stocks and ETFs
- Cost
- Exchange trading fees. Not published by xStocks
Choose this if: You already have an account at one of those exchanges and you want the shortest path from cash to a tokenized share. It is the easiest route by a distance, and for a first purchase that counts for more than the rest of this table.
Worth knowing: Leaving the token on the exchange gives up the thing that makes it a token. You are trusting the venue, exactly as with any other exchange balance, and the position cannot move or be used anywhere else while it sits there.
xStocks in your own wallet
Built by the venueThe same tokens, withdrawn to a wallet you control. xStocks states that holders can "hold xStocks in any self-custodial wallet on supported chains", and names Phantom, OKX Web3 and Trust Wallet.
- What it reaches
- Tokenized US stocks and ETFs
- Cost
- Network fees, plus whatever you paid to acquire
Choose this if: You want the position to be usable rather than parked. This is the only route in the table where the token can be moved, lent or used as collateral, and it is the difference between owning an asset and owning a balance on someone else’s system.
Worth knowing: Self-custody is not a workaround for the geofence. The restriction attaches to the asset and to who may acquire it, not to where you keep it afterwards. Lose the keys and there is no support desk.
Ondo Global Markets, direct
Built by the venueMinting and redeeming from the issuer rather than buying from a venue. Tokens are "freely transferable onchain" and you connect a wallet to the app directly.
- What it reaches
- Tokenized US stocks and ETFs
- Cost
- Not published on the page
Choose this if: You want redemption back to the issuer rather than dependence on secondary liquidity, and you are comfortable connecting a wallet. Minting runs 24/5 from Sunday 8pm ET to Friday 7:59pm ET, with six major tokens available 24/7.
Worth knowing: Three chains against xStocks’ ten, and a smaller range at 450+ against 811. Neither is a defect; they are different bets on where onchain equities settle.
Dinari dShares
Built by the venueA different structure from the rest of this table. Acquisitions run through Dinari Securities, LLC, described on its own page as "an SEC-registered FINRA-member broker-dealer", and the underlying shares are held in custody by Alpaca Securities.
- What it reaches
- Tokenized US stocks, ETFs, BDCs and REITs
- Cost
- Not disclosed on the page
Choose this if: You are in the United States, or in one of the 85+ jurisdictions the other two exclude. The broker-dealer structure is the reason it can be there, and a regulated custodian behind the token is a real difference rather than a marketing one.
Worth knowing: Our own earlier blog post called this self-custody, which was wrong and is corrected here. The token can sit in your wallet; the shares behind it sit with a broker-dealer. Verification is enforced at the contract, so an unverified wallet cannot hold one.
Fensory
OursBuilt by the venueOur own. Tokens from both Ondo Global Markets and xStocks on one non-custodial account, alongside treasuries, gold, crypto spot and perpetual futures, reachable by hand or by an AI agent over MCP.
- What it reaches
- Tokenized US equities and treasuries, gold, crypto spot, perpetual futures
- Cost
- Free to connect. 0.01% to 0.05% on perpetual futures and Hyperliquid spot, nothing on tokenized equities, yields or bridging
Choose this if: You want both issuers side by side without opening two accounts, or you want the tokenized position on the same account as crypto and perpetual futures rather than split across venues.
Worth knowing: Our 101 tokens are a fraction of what either issuer publishes: 450+ at Ondo and 811 at xStocks. If you want the widest possible range of names, go to the issuer. Not available to US persons, which rules it out for a large share of this page’s readers.
Named by the issuer, not read by us
xStocks names these as distributing venues on its own site, and we could not open each one’s page to check its terms. They are listed so you know where the token is sold, not recommended, and they are not ranked above.
- KrakenNamed by xStocks as a distributing venue. Its own xStocks page would not load for us, so no cell here is sourced to it. Widely reported to have the deepest secondary liquidity of the group.
- BybitNamed by xStocks as a distributing venue. Page not read by us.
- Gate.ioNamed by xStocks as a distributing venue. Page not read by us.
- BitgetNamed by xStocks as a distributing venue. Page not read by us.
- 360xNamed by xStocks as a distributing venue. Page not read by us.
- RobinhoodReported since July 2026 to issue stock tokens on its own chain, self-custodial and portable, in 120+ countries excluding the US, Canada, UK, Switzerland and UAE. Its support page returned 404 for us, so none of that is verified here.
- Exodus MarketsReported as a self-custody marketplace for tokenized stocks settling to a Solana wallet, built on Ondo. Its page returned 403 for us.
- BinanceReported to distribute Ondo Global Markets assets. Not read on Binance’s own page.
How we checked
The field is the routes to owning a tokenized US stock, grouped by issuer rather than by app, because the issuer decides what exists and who may hold it and the app does not. Every cell was read on the issuer’s own page on 22 September 2026.
Kraken’s xStocks page and Robinhood’s stock-tokens support page would not load for us, and Exodus returned 403. Rather than source those claims to a summary of a page nobody read, they are named under "Named by the issuer, not read by us" with the reason. The distribution list itself comes from xStocks, which names its own venues.
This page corrects an earlier Fensory post, /blog/best-tokenized-stocks-platforms-2026, on two points. That post described Dinari as self-custody; Dinari states the underlying shares are held in custody by a registered US broker-dealer. And it said Fensory’s agent trading over MCP was "coming soon"; it shipped. Both corrections are on this page rather than quietly fixed.
Fensory publishes this page, appears in it, and sells a trading account. That is why the columns are documented facts from each issuer rather than a score we assign, and why our own row states that our 101 tokens are a fraction of either issuer’s range.
Questions people ask
- Do I own the actual share?
- No. You own a token an issuer mints against shares it holds, which is not the same as holding the share yourself. The issuer’s documentation governs what the token entitles you to, including how corporate actions and redemption work, and it differs between issuers.
- Does it matter which issuer the token comes from?
- More than which app you buy it in. The issuer sets how many names exist, which chains they settle on, how corporate actions are handled, and which countries may hold them. xStocks publishes 811 assets across ten chains; Ondo Global Markets publishes 450+ across three.
- Can I buy these from the United States?
- Not from xStocks or Ondo Global Markets. xStocks states it is unavailable in the United States, United Kingdom, Canada and Australia; Ondo states it is not available in the US and is for eligible non-US persons. Dinari runs through an SEC-registered broker-dealer, which is the route with a US-facing structure.
- Is self-custody a way around the restrictions?
- No. The restriction attaches to the asset and to who may acquire it, not to where the token is kept afterwards. Moving a token to your own wallet does not make you eligible to have bought it.
- What can I actually do with a tokenized stock?
- On a custodial exchange, usually hold it and sell it later. In a wallet you control, it can move peer to peer, and xStocks names Morpho, Orca and Kamino as DeFi venues for its tokens. That difference is the main reason to care where the token ends up.