According to data from RWA.xyz, tokenized stock activity has surged over the past 30 days, with monthly transfers increasing by more than 415% to $29.5 billion.
Monthly active addresses increased by more than 209% to nearly 1.3 million, while the number of tokenized stock holders increased by 167% to 2.36 million over the same period. The total value of tokenized stocks distributed on the onchain also rose 1.45% over the past 30 days to $2.54 billion, up nearly 637% from $344 million a year ago.
Tokenized stock activity accelerated in August. Source: RWA.xyz
Securities Corp. was the largest private tokenized stock tracked by RWA.xyz at about $163 million, followed by Strategy PP Variable xStock at $136 million and an ondo-tokenized version of Circle Internet Group at $109 million.
By platform, Ondo leads with $842.8 million in distributed value, followed by Kraken’s xStocks with $609.3 million and Binance’s bStocks with $599.9 million. Together, the three account for about 81% of the market.
Related: Arcus has launched tokenized perp positions on the Robinhood chain
Tokenized equities move deeper into crypto platforms
Activity surges as crypto platforms introduce new ways for investors to trade, hold and use tokenized equity onchain.
On August 24, Coinbase’s tokenized US stocks went live on Base, allowing qualified non-US users to trade the asset around the clock and use it in decentralized financial applications. B20 tokens include companies such as Nvidia, Apple, Meta and Alphabet and can be held in self-custodial wallets.
Source: the base
A day later, Bitwise launched an automated portfolio made from Coinbase’s tokenized stock, allowing qualified non-US investors to follow predetermined strategies by keeping the underlying assets in their own wallets. Initial portfolios target the “Magnificent Seven,” robotics and artificial intelligence sectors.
Other platforms have also expanded how tokenized stocks can be used. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans, while Robinhood-backed DEX Arcus launched more than 95 stock tokens and perpetual markets on the Robinhood chain.
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