Crypto
Home›Crypto›Market Structure›Tokenized stock market hits $2.3B as multiple venues s…
Tokenized stock market hits $2.3B as multiple venues set records
On July 21 alone, data showed all time highs for Ondo Finance’s tokenized shares outstanding and holder count, and Arcus posted record daily perps volume and open interest.
The tokenized stocks market reached a record $2.3 billion in market capitalization in mid-July, according to Token Terminal data, nearly doubling since March. The surge is showing across multiple issuers at once, with activity logged on July 21 including all time highs for Ondo Finance tokenized shares and holders, Backed Finance market cap, and Robinhood Chain tokenized equity holder metrics, The Defiant reports.
Arcus, the tokenized-stock exchange launched this month by the team behind dYdX, also posted record activity on July 21. The venue recorded daily perpetuals volume of $11.9 million and open interest of $6.8 million, while Ethereum remains the leading network for the sector with a 34% share of tokenized stock market share, followed by BNB Chain at 30% and Solana at 23%, per Token Terminal.
Tokenized stocks are still a small slice of the broader tokenized real-world asset market, at about 5% by Token Terminal’s count, while DefiLlama tracks roughly $27.3 billion in active RWA market cap. Even so, the outlets notes tokenized stocks have been the fastest-growing RWA asset class on Ethereum this year.
Ondo Finance is described as the largest issuer, with $955 million in onchain equities, per Token Terminal. The report cites several recent product and partnership catalysts, including a July 16 partnership with Japan’s SBI Group to tokenize Japanese stocks, support for settlement in JPYSC, and the expansion of trading features, while ONDO traded around $0.41 on July 22 with a market capitalization of $1.99 billion, and jumped about 15% over the prior 24 hours after the SBI announcement.
Latest closeEthereum $1,934.24 ▲0.3%|Solana $77.98 ▼0.2%|BNB $570.70 ▼0.5%