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BTC $61,309.73 -3.51%
ETH $1,595.01 -9.35%
BNB $576.85 -4.26%
XRP $1.11 -5.01%
SOL $64.45 -5.87%
TRX $0.3206 -3.28%
DOGE $0.0824 -6.30%
ADA $0.1584 -9.94%
BCH $211.86 -13.13%
LINK $7.43 -6.94%
HYPE $60.42 -4.76%
AAVE $62.68 -11.97%
SUI $0.7205 -4.70%
XLM $0.2049 +2.49%
ZEC $395.54 -12.26%

suppliers

RootData released the "Map of Exchange Tokenized Asset Providers and Licenses."

The tokenized asset platform RootData has released the "Exchange Tokenized Asset Provider and License Map," systematically sorting the paths and regulatory licenses of providers and brokers in mainstream exchanges such as Binance, Gate, Bitget, and Bybit for products like real stocks, TradFi stocks, CFD contracts, and tokenized stocks. The map shows that the current stock-type assets on exchanges have gradually formed a three-tier structure: real stock spot mainly relies on a regulated brokerage system for securities execution and custody; TradFi stocks are primarily based on CFDs/Perps; tokenized stocks are mainly supported by solutions like Ondo and xStocks. Among them, Binance currently accesses Alpaca Securities through Nest Trading to provide real US stock/ETF exposure and has launched Ondo stock tokens in the Alpha zone, with plans to introduce bStocks later; Gate's real stock collaboration is with AIpaca, CFDs adopt the MT5 model, and perpetual contracts are self-operated by the platform; Bybit currently mainly uses the Backed Finance (xStocks) solution; Bitget provides 1:1 US stock/ETF tokenized products through its own Reality (rToken) brand. RootData believes that as the tokenized stock market heats up, competition among exchanges is gradually shifting from merely launching products to underlying broker capabilities, real securities custody, and regulatory license capabilities, with licensed brokers like Alpaca Securities strengthening their infrastructure roles across multiple platform ecosystems.

Illustration of 18 Web3 suppliers collaborating with Visa: from infrastructure to payment closure

The Web3 asset data platform RootData released a network map of Visa's business partners in the cryptocurrency field on X, systematically outlining its complete ecological layout from underlying infrastructure to end applications.Structurally, Visa has formed a "three-layer synergy" model: the upstream is provided by stablecoin issuers like Circle, offering settlement infrastructure, along with risk control and compliance service providers like TRM Labs; the middle layer connects on-chain and traditional finance through bridges and banking institutions; the downstream is handled by wallet and card issuing platforms, including MetaMask, Wirex, etc., facilitating actual payment scenarios for users.This layout reflects that the cryptocurrency industry is accelerating its integration into the traditional payment system, with the combination of "stablecoin settlement + compliance risk control + card network" becoming the mainstream path. 【View Visa Crypto Partner Network Compilation (continuously updated)】RootData stated that it will continue to track and open more project business relationship disclosure channels. For cryptocurrency projects, actively showcasing partners and business networks is becoming an important way to enhance transparency and market trust. Web3 project parties are welcome to claim data and join the RootData Alliances Hub TG group to maintain business alliance data, match BD partners, and explore ecological cooperation together!
Illustration of 18 Web3 suppliers collaborating with Visa: from infrastructure to payment closure
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