Grayscale Identifies 5 Crypto Networks Positioned to Benefit From Tokenized Equities
Grayscale identifies five key blockchain networks, including Solana and Ethereum, set to benefit from the rising trend of tokenized equities.
If you’ve been following the developments in the crypto space, you know that tokenized equities are generating significant buzz. Did you know that Grayscale has identified five key blockchain networks likely to benefit from this emerging trend? Among them, the Solana crypto network stands out as a major player.
What Did Grayscale's Research Reveal?
In a report published on July 9, 2026, Grayscale outlined the growing interest in equity tokenization and highlighted Ethereum, Solana, BNB Chain, Avalanche, and Canton Network as pivotal to this evolution. According to head of research Zach Pandl, these networks are positioned to thrive as different ownership models for digital securities emerge.
How Is Tokenization Evolving?
Grayscale defines three distinct phases of equity tokenization. The first phase, primarily driven by third-party wrappers, currently represents over 70% of the market capitalization for tokenized stocks. This model allows traditional shares to be placed into a Special Purpose Vehicle (SPV), enabling investors to receive tokens symbolizing ownership claims rather than direct shares. Notably, this phase involves blockchain networks like Ethereum, Solana, and BNB Chain, where these wrapped assets can be traded and integrated into decentralized finance (DeFi) applications.
What Role Will Canton Network Play in Tokenization?
The second phase of tokenized equity development will see the Depository Trust & Clearing Corporation (DTCC) pilot their regulated blockchain tokenization initiative using Canton Network as its primary blockchain. Grayscale describes this approach as the entitlement model, which differs significantly from the wrapper-based systems previously mentioned. “We see the tokenization of equity markets progressing in three phases, with each phase driving value to different types of blockchain infrastructure,” Pandl noted.
Can Companies Issue Shares Directly on Blockchains?
The third phase represents a more revolutionary approach: issuer-sponsored tokenization. In this phase, companies will issue securities directly on blockchain networks. The report points to Securitize, which became the first public company to tokenize its common stock during its New York Stock Exchange listing. Grayscale believes this model holds the greatest long-term potential for equity trading and could significantly favor blockchain networks like Ethereum, Solana, and Avalanche. However, achieving broader adoption will still require additional regulatory clarity.
What’s Next for Tokenized Equities?
Grayscale anticipates that the various tokenization models—wrappers, the DTCC's entitlement system, and issuer-sponsored approaches—will coexist in the market for the foreseeable future. The distribution of activity among Ethereum, Solana, BNB Chain, Avalanche, and Canton Network may be influenced by ongoing regulatory developments, issuer adoption, and general successful implementation. “The blockchain networks best positioned to capitalize on the growth in tokenization include, in our view, Ethereum, Solana, BNB Chain, Avalanche, and Canton Network,” Grayscale asserted.
Key Takeaways
- Grayscale identifies Ethereum, Solana, BNB Chain, Avalanche, and Canton Network as beneficiaries of equity tokenization.
- Tokenization is evolving through three distinct phases, with wrapped tokens leading the way initially.
- The Canton Network will play a crucial role in the DTCC's regulated blockchain tokenization pilot.
- Issuer-sponsored tokenization may represent the future of direct share issuance on blockchain platforms.
- Ongoing developments in regulation and market adoption will inform which blockchain networks dominate in the tokenized equity space.
As the landscape for digital securities continues to shift, trading platforms like Binance, Bybit, and Bitget are offering competitive rates, making it an exciting time to explore investment opportunities in the tokenized equity space.