Tokenized Equity Transfer Activity Soars 415% to Reach $29.5B in One Month
The tokenized stock market witnessed dramatic expansion in blockchain-based activity, with both active addresses and holders more than doubling throughout the previous month.
The tokenized stock sector experienced a significant surge throughout the last 30 days, with transfer volume on a monthly basis skyrocketing by more than 415% to reach $29.5 billion, based on information provided by RWA.xyz.
Active addresses on a monthly basis increased by more than 209% to approximately 1.3 million, whereas holders of tokenized stocks grew by 167% to reach 2.36 million during the identical timeframe. The aggregate value of tokenized equities distributed through blockchain networks also increased by 1.45% throughout the previous 30 days to hit $2.54 billion, representing approximately 637% growth from the $344 million recorded one year prior.
Among individual tokenized stocks monitored by RWA.xyz, Securitize Corp. emerged as the largest at approximately $163 million, with Strategy PP Variable xStock coming in second at $136 million and a tokenized version of Circle Internet Group created by Ondo ranking third at $109 million.
When examined by platform, Ondo dominated with $842.8 million in distributed value, with Kraken's xStocks capturing second place at $609.3 million and Binance's bStocks securing third position at $599.9 million. Combined, these three platforms represented approximately 81% of the entire market.
Tokenized equities move deeper into crypto platforms
This spike in activity arrives as cryptocurrency platforms roll out innovative methods for investors to trade, retain and utilize tokenized equities through blockchain technology.
On Aug. 24, tokenized US stocks from Coinbase became operational on Base, enabling qualified users outside the United States to conduct transactions with these assets continuously and leverage them within decentralized finance applications. The B20 tokens encompass corporations such as Nvidia, Apple, Meta and Alphabet and are compatible with self-custody wallets.
One day following that launch, Bitwise introduced automated investment portfolios constructed from Coinbase's tokenized stocks, enabling qualified investors outside the US to implement predetermined strategies while maintaining the underlying assets within their personal wallets. The initial portfolio offerings focus on the "Magnificent Seven," robotics and artificial intelligence sectors.
Additional platforms have similarly broadened the utility of tokenized stocks. During July, Bybit incorporated tokenized shares of Nvidia, Apple, Tesla and additional US corporations as acceptable collateral for margin loans, whereas Arcus, a DEX supported by Robinhood, introduced more than 95 stock tokens and perpetual markets on Robinhood Chain.