Tokenized stock transactions saw a pronounced acceleration over the last 30 days, with monthly transfer volume rising 415% to $29.5 billion, according to platform data from RWA.xyz. The sector also experienced a major increase in active participation, as monthly active addresses rose by 209%, reaching about 1.3 million during the same period.
Sharp rise in adoption and market value
The number of tokenized stock holders surged 167% to 2.36 million within a month. The total value of tokenized equities distributed onchain climbed 1.45% over 30 days to $2.54 billion. This figure is up from $344 million a year ago, marking substantial year-on-year growth of 637%.
Monthly tokenized stock transfer volume reached $29.5 billion, with market participation and onchain distribution rising sharply over the past 30 days.
The recent surge marks one of the most active periods to date for digital representations of stocks, as investors increasingly seek blockchain-based alternatives for traditional equities.
Major tokens and leading platforms
Securitize Corp., a digital asset securities firm, carried the largest individual tokenized stock tracked by RWA.xyz, amounting to about $163 million in onchain market value. The Strategy PP Variable xStock followed at $136 million, while an Ondo-tokenized version of Circle Internet Group held $109 million.
ETH
SOL
BSC
ROBINHOOD
USDT
AAPLAmong platforms, Ondo led the market with $842.8 million in distributed value. Kraken’s xStocks registered $609.3 million, and Binance’s bStocks accounted for $599.9 million. These three platforms collectively represented approximately 81% of the tokenized stock sector.
| Platform | Distributed Value | Market Share |
|---|---|---|
| Ondo | $842.8 million | 33% |
| Kraken xStocks | $609.3 million | 24% |
| Binance bStocks | $599.9 million | 24% |
| Other | Remaining value | 19% |
Mini dictionary: RWA.xyz, a digital assets analytics platform, tracks the blockchain activity of tokenized real-world assets including stocks, bonds, and funds across protocols and networks.
New crypto applications for tokenized equities
Crypto platforms have begun introducing expanded ways for users to trade, hold, and leverage tokenized equities via blockchain networks. On August 24, Coinbase brought tokenized US stocks to Base, enabling eligible non-US users to buy, trade, and use these assets at any time and across decentralized finance (DeFi) applications. The B20 token series features leading firms such as Nvidia, Apple, Meta, and Alphabet, which can now be managed using self-custody wallets.
Following this release, Bitwise, a crypto asset management company, debuted automated portfolios based on Coinbase’s tokenized stocks. These portfolios, now available to eligible international customers, target sectors including the “Magnificent Seven” technology leaders, robotics, and artificial intelligence. Investors retain control by keeping the underlying assets in personal wallets while pursuing preset strategies.
Eligible global participants can now access tokenized portfolios of major US firms directly through crypto platforms, holding assets in self-custody and utilizing them within DeFi ecosystems.
Other platforms have adopted similar strategies to capitalize on demand for tokenized assets. In July, Bybit allowed users to utilize tokenized shares of major US companies such as Nvidia, Apple, and Tesla as collateral for margin lending. Meanwhile, decentralized exchange Arcus, supported by Robinhood, launched over 95 new stock tokens and perpetual markets on the Robinhood Chain.
