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![rleshner Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::394480074.png) Robert Leshner [@rleshner](/creator/twitter/rleshner) on x 129.4K followers
Created: 2025-07-09 23:52:26 UTC

This speech clearly identifies the three approaches to tokenizing stocks:

X an Issuer tokenizes their stock (eg via @superstatefunds)
X a third party buys some, and issues a 1:1 token with the same rights/guarantees
X a third party makes a stock derivative with similar economics


XXXXXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1943095933358448870/c:line.svg)

**Related Topics**
[token](/topic/token)
[stocks](/topic/stocks)

[Post Link](https://x.com/rleshner/status/1943095933358448870)