Tokenized stock transfers more than doubled in the past month, hitting $8.41 billion. That’s according to RWA.xyz data, which shows the sector’s distributed value climbed 43% to $2.16 billion. The number of holders also rose 17%, crossing 409,000.
Who’s driving this? Figure led the charge with a 935% surge in distributed value over 30 days. Securitize wasn’t far behind at 332%. xStocks grew around 62%. Ondo remains the biggest tokenized stock platform at roughly $846 million, followed by xStocks ($708M), Securitize ($306M), and Figure ($239M).
Tokenized equities are outperforming other real-world asset categories. Tokenized US Treasuries? Basically flat. The broader RWA market grew just 4% to $33.5 billion. Stocks are where the action is.
Over the past year, the tokenized stock market ballooned from $378 million to $2.16 billion — a 471% gain. Crypto exchanges are piling in. During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet used xStocks to offer tokenized pre-IPO access. Demand exceeded supply, but it showed appetite for blockchain-based securities is real.
Public markets are getting in on it too. Securitize became the first newly public company to issue tokenized shares on Solana and Avalanche when it debuted on the NYSE. The DTCC announced plans for a tokenized securities service launching in October after regulatory approval. The NYSE and ICE unveiled a platform to trade tokenized stocks and ETFs. Nasdaq partnered with Kraken and Backed to bridge traditional equities with blockchain.
ICE CEO Jeffrey Sprecher wants regulators to let traditional exchanges offer 24/7 onchain perpetual futures. His argument? Regulated venues should compete with crypto-native platforms on equal footing.
