Robinhood and Binance bStocks Represent 47% of Tokenized Asset Addresses
RWA Signal Insight
StocksThe number of tokenized-asset holder addresses experienced significant growth, surging from 1.4 million in June to 6.4 million by October. This expansion was primarily driven by tokenized stocks, which grew more than 10-fold to reach 5.3 million holders, representing 83% of the total RWA market. Robinhood and Binance bStocks emerged as dominant providers, collectively accounting for 47% of all holder addresses. Network distribution shows that BNB Chain, Solana, and Robinhood Chain host 82% of the total address count. While tokenized funds and commodities saw more modest growth, they remain key components of the broader ecosystem. This data highlights a shift in retail engagement with tokenized equities, contrasting with institutional dominance in U.S. Treasury funds and private credit. The rapid increase in unique addresses underscores the growing accessibility and adoption of tokenized financial products on public blockchains.
Key points
- Tokenized stock holders grew to 5.3 million, comprising 83% of total RWA addresses.
- Robinhood and Binance bStocks represent 47% of all tokenized-asset holder addresses.
- BNB Chain, Solana, and Robinhood Chain host 82% of total tokenized-asset addresses.
- Total tokenized-asset holder addresses increased 4.6 times between June and October.
Background
Tokenized assets represent real-world financial instruments, such as stocks, bonds, or commodities, issued as digital tokens on a blockchain. This process allows for fractional ownership, 24/7 trading, and increased transparency compared to traditional financial systems. By leveraging distributed ledger technology, issuers can automate compliance and settlement processes for these assets.