Tokenized Stocks Hit $3.53B as Wall Street’s Blockchain Push Accelerates

Tokenized stocks reached a market valuation of $3.53 billion by October 25, signaling a significant expansion of Wall Street's blockchain integration beyond traditional equities. Data from RWA.xyz indicates 4.42 million holder addresses and $10.26 billion in monthly transfers, reflecting robust activity despite challenges regarding corporate consent. Major institutions like the Intercontinental Exchange and OKX have faced pushback, with 22 companies including Microsoft and Goldman Sachs objecting to the tokenization of their shares on the OKXICE venue. In response, the U.S. Securities and Exchange Commission issued conditional exemptions on September 17, mandating that operators preserve shareholder rights and honor issuer objections. Beyond equities, the sector is seeing sovereign bond issuance in Hong Kong and Luxembourg, alongside JPMorgan’s deployment of Ethereum-based deposit tokens. Franklin Templeton has also expanded its reach by adding Singapore money-market fund shares to the XRP Ledger. These developments highlight a broader financial shift toward blockchain infrastructure, though the IMF warns that fragmented liquidity and technology risks remain critical hurdles for widespread adoption.