Tokenized stock holders more than double as monthly volume surges
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
The number of tokenized stock holders has more than doubled in the past month, reaching 1.31 million according to data from RWA.xyz. Monthly transfer volume surged nearly 180% to $23.13 billion, with monthly active addresses increasing by 34.62% to nearly 572,000. The total distributed value of tokenized stocks rose 5.9% to $2.38 billion, with Ondo leading the market followed by Kraken’s xStocks and Binance’s bStocks.
Why it matters
This development highlights significant growth in the tokenized stocks market, indicating increasing user adoption and trading volume. The expansion coincides with a broader trend of crypto platforms offering tokenized private-market and pre-IPO products, reflecting growing interest in integrating traditional equities with blockchain technology.
Key context
Earlier in the year, several crypto platforms including Binance, Coinbase, Kraken, Bybit, Bitget, and Blockchain.com introduced products related to SpaceX, offering tokenized pre-IPO exposure. However, Binance, Bybit, and Bitget Wallet had to cancel their tokenized SpaceX IPO campaigns due to insufficient underlying shares, resulting in subscriber refunds. Despite this, Binance’s bStocks tokenized SpaceX exposure grew to $67.9 million after SpaceX’s June 12 public listing.
Key numbers and entities
Key figures include 1.31 million tokenized stock holders, $23.13 billion monthly transfer volume, nearly 572,000 monthly active addresses, and $2.38 billion total distributed value. Leading entities are Ondo ($872 million distributed value), Kraken’s xStocks ($557.8 million), and Binance’s bStocks ($521.8 million). Top tokenized assets include Securitize ($145.2 million), Strategy PP Variable xStock ($135.6 million), and Ondo’s tokenized Circle shares ($99.7 million).
What remains unclear
The source does not flag open questions or limitations regarding the data or the market trends discussed.