Tokenized Stock Transfers Surge 105% in a Month to $8.4B
Berk Arıcan
According to industry data, tokenized stock transfers more than doubled over the past month to $8.41 billion, as activity in on-chain equity markets continued to accelerate. This growth was led by several of the market's largest tokenization platforms, with Figure's distributed value surging 935% over the past 30 days, Securitize's rising 332%, and xStocks' increasing around 62%. Ondo remained the largest tokenized stock platform by distributed value at roughly $846 million, followed by xStocks with about $708 million, Securitize with $306 million, and Figure with $239 million. Tokenized equities outperformed other segments of the RWA market, with distributed value for tokenized US Treasurys, the sector's largest asset class, essentially flat over the past month, while the broader tokenized RWA market grew about 4% to $33.5 billion. The tokenized stock market has grown from roughly $378 million to $2.16 billion over the past year, a gain of about 471%. This growth has coincided with a wave of new tokenized equity offerings across crypto exchanges. During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet used xStocks infrastructure to offer tokenized pre-IPO access, highlighting growing investor appetite for blockchain-based securities. The momentum has spread to public markets, with Securitize becoming the first newly public company to issue tokenized versions of its shares on the Solana and Avalanche blockchains as it debuted on the New York Stock Exchange. Some of the biggest names in traditional finance have also been accelerating their own tokenization efforts, with the DTCC announcing plans to launch a tokenized securities service in October after receiving regulatory approval to offer tokenization services on pre-approved blockchains under a three-year pilot.
The Future of Tokenized Stocks
The growth of the tokenized stock market appears to be bridging the gap between the crypto and traditional finance worlds. This development could bring about greater transparency, security, and efficiency to the trading of securities, potentially changing the landscape of the industry. However, it also presents challenges in terms of regulation and oversight.