@USDD - Decentralized USD #USDD以稳见信 The move comes amid a period of experimentation with tokenized equities. In September, Galaxy tokenized its GLXY shares using Opening Bell.

Unlike many real-world asset deployments, Opening Bell does not rely on wrapped tokens or synthetic derivatives that track exposure to an asset, often by holding assets in off-chain custody. Instead, Superstate’s transfer agent unlocks direct tokenization, where token transfers are instantly updated on the official shareholder register onchain, making the tokens legally equivalent to traditional shares.

Notably, leading tokenization firm Securitize is moving into onchain equities in the coming quarter with its Stocks on Securitize offering, which enables public firms to issue real stock on a blockchain. Superstate’s Direct Issuance will also soon allow firms to issue new tokenized securities without an underwriter.