Tokenized stock holders more than double as monthly volume surges
Tokenized stock holders have more than doubled to 1.31 million over the past month, with monthly transfer volume surging 179% to $23.13 billion and distributed value rising 5.9% to $2.38 billion.
Intelligence analysis by Llama
Tokenized stock holders have more than doubled to 1.31 million, with monthly transfer volume surging 179% to $23.13 billion and distributed value rising 5.9% to $2.38 billion. Ondo leads the market with $872 million in distributed value, followed by Kraken's xStocks at $557.8 million and Binance's bStocks at $521.8 million.
Imagine you own a tiny piece of a company, like a tiny Lego brick. Tokenized stocks are like those Lego bricks, where you can buy and sell them just like regular stocks. Recently, a lot of people have started buying and selling these tokenized stocks, which has made the market grow really fast.
Analysis
Tokenized Stocks Reach 1.3M Holders as Volume Surges
Tokenized equities reached 1.31 million holders over the past month, as monthly transfer volume surged 179% to $23.13 billion and distributed value rose 5.9% to $2.38 billion. The number of tokenized stock holders has more than doubled over the past month to 1.31 million, according to RWA.xyz data. Monthly transfer volume surged nearly 180% over the same period to $23.13 billion, while monthly active addresses increased 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 about $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 is already within roughly $36 million of xStocks in distributed value. According to RWA.xyz, the largest individual tokenized assets by distributed value include Securitize at $145.2 million, Strategy PP Variable xStock at $135.6 million and Ondo's tokenized Circle shares at $99.7 million. The recent growth in tokenized equities follows a wave of crypto platforms pushing into private-market and pre-IPO products earlier this year, particularly around 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 tied to SpaceX, ranging from tokenized pre-IPO exposure to perpetual futures and proxy tokens. Despite substantial demand, including $557 million drawn by a Binance campaign ahead of the listing, the push did not go entirely to plan. Binance, Bybit and Bitget Wallet canceled their tokenized SpaceX IPO campaigns after xStocks failed to secure enough underlying shares to meet demand, triggering refunds for subscribers. Despite the failed pre-IPO allocations, 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 individual tokenized assets tracked by RWA.xyz data. The growth in tokenized equities comes amid a broader expansion in real-world asset tokenization, which Standard Chartered forecasts could become a $4 trillion market by the end of 2028.
Key points
- Tokenized stock holders have more than doubled to 1.31 million over the past month.
- Monthly transfer volume has surged 179% to $23.13 billion.
- Distributed value has risen 5.9% to $2.38 billion.
- Ondo leads the market with $872 million in distributed value.
- Kraken's xStocks and Binance's bStocks follow closely behind.
The growth in tokenized equities could lead to a broader expansion in real-world asset tokenization, which could become a $4 trillion market by the end of 2028. This could provide new investment opportunities for individuals and institutions alike.
The failed pre-IPO allocations for tokenized SpaceX exposure could indicate that the market for tokenized equities is still maturing and may be subject to volatility.
