Enso debuts real-world asset platform with 500+ tokenized securities
Web3 platform Enso has unveiled access to more than 500 tokenized securities and American equities, responding to increasing European investor appetite for US stock market exposure.
Web3 development platform Enso, headquartered in Switzerland, has rolled out a real-world asset (RWA) application that provides access to over 500 tokenized assets via partnerships with xStocks, Ondo Finance and Porto from Anchorage Digital.
Users can now access tokenized stocks, exchange-traded funds, Treasurys, commodities and stablecoins via Enso's execution layer. According to a Monday announcement provided to Cointelegraph, Ondo will supply tokenized equities, treasury products and capital markets infrastructure, whereas xStocks will facilitate access to tokenized equities and exchange-traded funds.
The platform features major American corporations including Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla and SpaceX among its available assets.
According to Enso, consolidating these assets within a unified distribution and execution layer would streamline access to tokenized assets across various venues and enhance the overall user experience.
The platform's debut positions Enso among an expanding roster of European cryptocurrency firms venturing into tokenized traditional assets. In the earlier part of this year, Bitpanda, based in Austria, broadened its product range to approximately 10,000 stocks and exchange-traded funds, while numerous European digital asset companies have pursued opportunities stemming from rising demand for tokenized securities.
Investors outside the United States, especially those in Europe, have shown substantial interest in tokenized US equities, according to Connor Howe, co-founder and CEO of Enso, who spoke with Cointelegraph:
The demand concentrates in two places: tokenized access to US markets, with the around-the-clock trading traditional venues can't match, and yield-bearing dollar assets.
Tokenized asset holders rise 13% amid growing demand
This platform launch arrives during a period of surging interest in tokenized assets. According to data from RWA.xyz, the count of tokenized asset holders increased 13.4% throughout the previous 30 days to reach 930,612. Meanwhile, the aggregate value of tokenized assets experienced a 0.9% decline over the identical timeframe.
Tokenized US Treasury debt represented the largest category among tokenized assets with $15 billion in onchain value, with tokenized commodities following at $4.6 billion and asset-backed credit at $2.2 billion. With $1.6 billion in total onchain value, tokenized stocks held the fifth position among tokenized asset categories.
On March 10, tokenized stocks initially surpassed $1 billion in total onchain value, at which time Ondo represented approximately 58% of the market while xStocks comprised about 24%.