Tokenized stock reaches 1.3M holders as volume increases

According to RWA.xyz data, the number of tokenized stock holders more than doubled last month to 1.31 million.

Monthly transfer volume rose nearly 180% to $23.13 billion over the same period, while monthly active addresses rose 34.62% to nearly 572,000. The total distributed value of tokenized stocks also rose 5.9% to $2.38 billion.

At the time of writing, Ondo leads the market with approximately $872 million in distributed value, followed by Kraken’s xStocks at $557.8 million and Binance’s bStocks at $521.8 million. BStocks launched in June and already has about $36 million of xStocks in distributed value.

According to RWA.xyz, the largest private tokenized assets by distributed value include securities at $145.2 million, Strategy PP Variable xStock at $135.6 million and Ondo’s tokenized Circle shares at $99.7 million.

Source: RWA.xyz

Related: Hyperliquid RWA contracts saw a 32% increase in trading activity in Q2

Tokenized stocks push the private market

The recent surge in tokenized equities follows a wave of crypto platforms pushing into private-market and pre-IPO products earlier this year, notably SpaceX ahead of its June 12 public-market debut.

In the months leading up to the listing, Binance, Coinbase, Kraken, Bybit, Bitget and Blockchain.com rolled out products connected to SpaceX, from tokenized pre-IPO exposure to perpetual futures and proxy tokens.

Despite substantial demand, including $557 million pulled in by a Binance campaign prior to the listing, the push didn’t go entirely to plan. Binance, ByBit and BitJet Wallet canceled their tokenized SpaceX IPO campaigns after xStocks failed to secure enough underlying shares to meet demand, triggering a refund for customers.

Despite the failed pre-IPO allocation, tokenized SpaceX exposure through Binance’s bStocks has grown to $67.9 million in distributed value since the company’s June 12 listing, ranking seventh among private tokenized assets tracked by RWA.xyz Information.

The rise of tokenized equities comes amid a broader expansion of real-world asset tokenization, which Standard Chartered could become a $4 trillion market by the end of 2028.