Venues: what each one publishes about cost
A tokenized stock is issued by one company and sold by another. The issuer sets what the token is; the venue sets what you pay. Two of the three venues below keep part of the cost inside the quoted price and do not publish its size — that is a fact about the venue, not a rumour, and each page carries its own sentence as evidence.
| Venue | Issuer | Headline trading fee | Cost inside the price | Minimum | Settlement | Access | Tokens |
|---|---|---|---|---|---|---|---|
| Kraken Payward, Inc. |
Backed / xStocks | 0% when buying with USD | Yes — size not published | €1 | USD balance on Kraken; tokens are withdrawable to a self-custody wallet | Kraken retail account; availability depends on the client's jurisdiction | 56 |
| Ondo Global Markets Ondo Global Markets (BVI) Limited |
Ondo Global Markets | Not published — inside the quote | Yes — size not published | $1.00 | USDon (Ondo's stablecoin), redeemable 1:1 to USDC | KYC on the Ondo Stocks platform; US, Canada and other listed jurisdictions excluded | 380 |
| Dinari Dinari Inc. |
Dinari | Not published — partner-set | Yes — size not published | — | USD balance at the partner; tokens on Ethereum, Arbitrum, Avalanche, Base, HyperEVM or Plume | Through Dinari partners; KYC handled by the partner | 189 |
Kraken
checked 2026-10-20Trading fee 0% (USD) · spread embedded in the quoted price, size not published · withdrawal network fee
“Beim Kauf von xStocks mit USD auf Kraken fallen keine Trading-Gebühren an. Beim Kauf von xStocks mit anderen Assets fallen die üblichen Instant-Buy-Trading-Gebühren an. Um einen Preis festzuschreiben, wird für jede Trans...”source
Ondo Global Markets
checked 2026-10-20No published fee · quote mark-up retained by issuer, size not published · gas paid by investor
“any difference and any fees being retained by Ondo Stocks. Investors are responsible for their own gas costs.”source