Study: Median Balance in Tokenized Stocks Remains Below $5
A study by Birdeye analysts reveals that the median balance of tokenized stocks across six major issuers, including Binance, Robinhood, and Coinbase, remains low at $4.58. While the total market value for tokenized stocks surged to $3.2 billion by October 2024, up from $585 million earlier in the year, retail participation is characterized by small holdings and limited portfolio diversification. Data indicates that over 97% of addresses hold less than $10,000 in assets, with 70% of wallets holding only a single tokenized asset. Significant asset concentration exists, as a few dozen large wallets often control half of an issuer's total token value, though analysts note these addresses frequently belong to exchanges or liquidity providers rather than individual investors. Binance’s bStocks product currently leads the market with $1.31 billion in value, followed by Ondo Finance. Despite this growth, the International Monetary Fund has cautioned that market fragmentation and platform incompatibility remain significant hurdles for the sector. This data highlights the current gap between rapid institutional issuance and the actual retail adoption of tokenized equity products. Understanding these distribution patterns is essential for assessing the maturity and liquidity of the emerging RWA ecosystem.