Tokenized equities recorded a sharp acceleration in onchain activity over the past month, with monthly transfer volume climbing more than 415% to $29.5 billion, according to data from RWA.xyz. The surge reflects growing adoption of tokenized stocks across major crypto platforms and expanding use cases beyond simple trading.
Onchain metrics show broad growth
Monthly active addresses rose more than 209% to roughly 1.3 million, while the number of tokenized stock holders climbed 167% to 2.36 million over the same 30-day period. The total value of tokenized stocks distributed onchain also increased 1.45% to $2.54 billion, up approximately 637% from $344 million a year earlier.
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Securitize Corp. was the largest individual tokenized stock tracked by RWA.xyz at about $163 million, followed by 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. Together, the three accounted for roughly 81% of the market.
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Platforms expand tokenized equity offerings
The activity spike coincides with a wave of new product launches and integrations designed to bring tokenized equities deeper into the crypto ecosystem.
On Aug. 24, Coinbase’s tokenized US stocks went live on Base, allowing eligible non-US users to trade the assets around the clock and use them across decentralized finance applications. The B20 tokens include companies such as Nvidia, Apple, Meta and Alphabet and can be held in self-custody wallets.
A day later, Bitwise launched automated portfolios built from Coinbase’s tokenized stocks, enabling eligible non-US investors to follow preset strategies while keeping the underlying assets in their own wallets. The initial portfolios target the Magnificent Seven, robotics and artificial intelligence sectors.
Broader adoption across the industry
Other platforms have also expanded how tokenized stocks can be used. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans, while Robinhood-backed DEX Arcus launched more than 95 stock tokens and perpetual markets on Robinhood Chain.
The rapid growth in transfer volume and active addresses signals that tokenized equities are moving beyond niche experimentation into more mainstream usage. The ability to hold these assets in self-custody wallets and deploy them across DeFi applications represents a structural shift in how traditional equity exposure can be accessed.
Conclusion
The 415% jump in tokenized stock transfer volume to $29.5 billion, alongside more than doubling active addresses and holders, points to accelerating adoption of onchain equity products. With major platforms launching new tokenized offerings and expanding utility through collateral and DeFi integrations, the sector’s momentum appears to be building on multiple fronts.
FAQs
Q1: What drove the 415% increase in tokenized stock transfer volume?
The increase was driven by new product launches from major platforms including Coinbase, Bitwise, Bybit and Arcus, as well as growing use of tokenized equities across DeFi applications and expanded trading access for non-US investors.
Q2: Which platforms lead the tokenized stock market?
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, collectively representing about 81% of the market.
Q3: How can investors use tokenized stocks?
Eligible non-US investors can trade tokenized stocks around the clock, hold them in self-custody wallets, use them as collateral for margin loans, and deploy them across decentralized finance applications.
This article is produced in accordance with Cointelegraph’s Editorial Policy and is intended for informational purposes only. It does not constitute investment advice or recommendations. All investments and trades carry risk; readers are encouraged to conduct independent research.
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