Tokenized stock activity accelerated sharply over the past 30 days, with monthly transfer volume climbing more than 415% to $29.5 billion, according to data from RWA.xyz.
Monthly active addresses rose more than 209% to approximately 1.3 million, while the number of tokenized stock holders increased 167% to 2.36 million over the same period. The total value of tokenized stocks distributed onchain rose 1.45% to $2.54 billion, compared with $344 million a year ago—a 637% annual increase.
Market Leaders
Securitize Corp. held the largest individual tokenized stock position at approximately $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. These three platforms accounted for roughly 81% of the market.
Platform Expansion
The surge in activity coincides with major crypto platforms expanding tokenized equity offerings. On August 24, Coinbase's tokenized US stocks launched on Base, enabling eligible non-US users to trade assets around the clock and use them across decentralized finance applications. The B20 tokens include companies such as Nvidia, Apple, Meta, and Alphabet.
A day later, Bitwise launched automated portfolios constructed from Coinbase's tokenized stocks, allowing eligible non-US investors to follow preset strategies while maintaining assets in self-custody wallets. The initial portfolios target the "Magnificent Seven," robotics, and artificial intelligence sectors.
Other platforms have similarly expanded tokenized stock functionality. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla, and other US companies as collateral for margin loans, while the Robinhood-backed DEX Arcus launched more than 95 stock tokens and perpetual markets on Robinhood Chain.
