Using blockchain technology, it is possible to trade assets called tokenized stocks. Because of this, tokenized stocks are typically built on top of the blockchain. They are a useful tool for representing assets overall.
Most importantly, tokens give consumers the chance to trade stocks without worrying about high brokerage costs, protracted settlement delays, etc. Additionally, a number of businesses actually pay customers dividends for holding such tokens in Ether, Bitcoin, or other cryptocurrencies. These specific tokens are backed by actual stocks.