Onchain tokenized-stock activity surged over the past 30 days, according to RWA.xyz data reported by Cointelegraph on Aug 29.
Monthly onchain transfer volume for tokenized stocks rose 415% to $29.5 billion. Monthly active addresses climbed 209% to about 1.3 million. Tokenized stockholders grew 167% to 2.36 million.
The total value of tokenized stocks distributed onchain rose 1.45% over 30 days to $2.54 billion. That is up roughly 637% from about $344 million.
The largest single issuers tracked include Securitize at about $163 million, Strategy PP Variable xStock at about $136 million, and Ondo-tokenized Circle Internet Group at about $109 million.
By platform, Ondo leads with $842.8 million in issued tokenized stocks. Kraken xStocks follows at $609.3 million and Binance bStocks at $599.9 million. Together the three platforms represent roughly 81% of the market.
The driver is crypto platforms expanding ways to trade, hold and use tokenized equities onchain. Coinbase listed tokenized US stocks on its Base network on Aug 24 for eligible non-US users. Bitwise launched automated portfolios built on them a day later. Bybit added tokenized shares as collateral for margin loans in July.
Cointelegraph; data from RWA.xyz