抵押型代币占代币化股票市场 86.5%，Alpaca 托管约 83.5%

Wrapper tokens backed by custodied shares dominate the market, while issuer-sponsored and synthetic stocks remain niche Most tokenized stocks are not issued by the companies whose names they carry. They are issued by middlemen. Collateralized tokens now make up 86.5% of the tokenized stock market. Issuer-sponsored shar…