Tokenized stock activity exploded over the past 30 days, with monthly transfer volume jumping 415% to $29.5 billion, according to RWA.xyz. Monthly active addresses climbed about 209% to roughly 1.3 million, while the number of tokenized stock holders increased 167% to 2.36 million over the same period. The total onchain distributed value of tokenized stocks rose 1.45% in the last month to $2.54 billion, a roughly 637% gain from $344 million a year ago.
Top tokenized issues tracked by RWA.xyz included Securitize Corp. at about $163 million, Strategy PP Variable xStock at $136 million, and an Ondo-tokenized version of Circle Internet Group at $109 million. By platform, Ondo led with $842.8 million in distributed value, followed by Kraken’s xStocks at $609.3 million and Binance’s bStocks at $599.9 million — the three platforms together represent roughly 81% of the market.
The surge coincides with major crypto platforms expanding how tokenized equities are traded, held and used onchain. On Aug. 24, Coinbase launched tokenized US stocks on Base, enabling eligible non-U.S. users to trade them around the clock and to use the tokens within decentralized finance applications. Coinbase’s B20 tokens include big names such as Nvidia, Apple, Meta and Alphabet and can be held in self-custodial wallets.
A day later Bitwise introduced automated portfolios composed of Coinbase’s tokenized stocks, allowing eligible non-U.S. investors to follow preset strategies while retaining self-custody of the underlying assets. Initial portfolios target groups like the “Magnificent Seven,” robotics and artificial intelligence sectors.
Other platform developments have broadened tokenized-stock utility: in July Bybit began accepting tokenized shares of companies such as Nvidia, Apple and Tesla as collateral for margin loans, and Robinhood-backed decentralized exchange Arcus launched more than 95 stock tokens and perpetual markets on Robinhood Chain.
Taken together, these product launches and platform integrations appear to be accelerating user adoption and onchain flows for tokenized equities, supporting the recent spike in transfer volume and activity.
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