Crypto
Home›Crypto›Market Structure›Tokenized equity holders surge to 1.31 million as tran…
Tokenized equity holders surge to 1.31 million as transfer volume jumps
Monthly token transfers rose 179% to $23.1 billion, and monthly active addresses climbed 34.6% to nearly 572,000, lifting distributed tokenized stock value 5.9% to $2.38 billion.
Tokenized equities have more than doubled in reach over the past month to 1.31 million holders, according to RWA.xyz data, as activity and value increased across tokenized stock platforms. Cointelegraph reports that monthly transfer volume surged 179% to $23.13 billion during the period, while monthly active addresses rose 34.62% to nearly 572,000. The distributed value of tokenized stocks also climbed 5.9% to $2.38 billion.
Ondo leads distributed value among tokenized equity products with about $872 million, followed by Kraken’s xStocks at $557.8 million and Binance’s bStocks at $521.8 million. Cointelegraph also notes that bStocks launched in June and is roughly $36 million behind xStocks in distributed value.
The growth comes after a broader push by crypto platforms into private-market and pre-IPO products earlier this year, including tokenized exposure tied to SpaceX. Cointelegraph adds that while some tokenized SpaceX IPO campaigns were canceled after xStocks could not secure enough underlying shares to meet demand, tokenized SpaceX exposure via Binance’s bStocks has grown to $67.9 million in distributed value since SpaceX’s June 12 public-market debut.