Swiss Web3 platform Enso just launched a real-world asset app that gives users access to over 500 tokenized assets, including US stocks, ETFs, Treasurys, and commodities.
The app pulls together integrations with xStocks, Ondo Finance, and Anchorage Digital Porto. That means users can trade tokenized versions of Apple, Microsoft, Nvidia, Amazon, Alphabet, Meta, Tesla, and SpaceX from a single interface.
Connor Howe, Enso co-founder and CEO, said demand is concentrated in two areas: tokenized access to US markets with 24/7 trading, and yield-bearing dollar assets. European investors have been pushing hard for more exposure to US equities, and traditional market hours do not cut it for a global audience.
Enso is not alone in this move. Bitpanda expanded to roughly 10,000 stocks and ETFs earlier this year. A growing number of European crypto firms are racing to tokenize traditional assets.
The timing makes sense. Data from RWA.xyz shows the number of tokenized asset holders jumped 13.4% over the past 30 days to over 930,000. Total onchain value of tokenized assets sits around $23 billion, with US Treasury debt leading at $15 billion.
Tokenized stocks crossed $1 billion in total onchain value back in March. Ondo dominates that segment with about 58% market share, while xStocks accounts for roughly 24%.
The pitch is simple: instead of juggling multiple platforms and bridges, users get a unified execution layer for tokenized assets across multiple venues. Whether that is enough to attract mainstream investors remains to be seen, but the infrastructure is getting there.
