Tokenized Stocks Market Shifts from Issuance to Distribution, Binance Research Says
RWA Signal Insight
StocksThe tokenized stock market is undergoing a structural shift from an initial focus on issuance to a phase defined by distribution and active usage. According to Binance Research, active tokenized stock market capitalization surged 314% this year to reach $4 billion by September 9. Monthly trading volume experienced exponential growth, climbing from $237 million in January to $7.9 billion in August, representing a 33-fold increase. Market turnover also rose significantly, moving from 0.23x to 2.14x, signaling that investors are increasingly trading positions rather than holding them passively. The market landscape has consolidated, with bStocks and Robinhood capturing 87.8% of issuer volume by September. Furthermore, DeFi integration has deepened, with total value locked in tokenized stock-related protocols rising to $289.1 million. This maturation indicates that tokenized equities are gaining on-chain utility through liquidity pools, lending, and novel trading pairs with memecoins.
Key points
- Tokenized stock market capitalization grew 314% to $4 billion by September 9.
- Monthly trading volume surged from $237 million in January to $7.9 billion in August.
- bStocks and Robinhood captured 87.8% of tracked issuer volume as of September.
- DeFi total value locked for tokenized stocks reached $289.1 million by September 9.
Background
Tokenized stocks are digital representations of traditional equity shares issued on a blockchain, allowing for 24/7 trading and fractional ownership. These assets typically mirror the price performance of underlying stocks through smart contracts, enabling them to be used as collateral in decentralized finance (DeFi) protocols or traded across global markets without traditional brokerage hours.