Tokenized stock holders more than double as monthly volume surges
Stocks
The market for tokenized equities has experienced significant expansion, with the number of holders doubling to 1.31 million over the past month according to RWA.xyz data. Monthly transfer volume saw a substantial surge of 179%, reaching $23.13 billion, while monthly active addresses grew by 34.62% to approximately 572,000. Total distributed value across the sector rose by 5.9% to $2.38 billion, highlighting increasing investor appetite for on-chain equity exposure. Ondo currently leads the market with $872 million in distributed value, followed closely by Kraken’s xStocks and Binance’s bStocks. The growth is partly attributed to platforms offering tokenized pre-IPO exposure to companies like SpaceX, which drove significant activity earlier this year. This upward trend aligns with broader industry forecasts, such as Standard Chartered’s projection that the RWA market could reach $4 trillion by 2028. The rapid adoption of these products demonstrates a maturing ecosystem where traditional financial assets are increasingly integrated into blockchain infrastructure.
Key points
- ▸Tokenized equity holders doubled to 1.31 million with $23.13 billion in monthly transfer volume.
- ▸Ondo leads the market with $872 million in distributed value, followed by Kraken and Binance.
- ▸Binance's bStocks reached $521.8 million in distributed value within months of its June launch.
- ▸Standard Chartered forecasts the total RWA market could reach $4 trillion by 2028.
Background
Tokenized equities represent traditional shares of companies that have been digitized and recorded on a blockchain ledger. This process allows for fractional ownership, 24/7 trading, and increased liquidity compared to traditional stock market settlement cycles. These assets typically function as digital representations or derivatives of underlying equity, enabling retail and institutional investors to access private or public market exposure through decentralized platforms.
Relevance
8/10