Tokenized Stock Transfers Jump 105% in a Month, Topping $8.41 Billion

The tokenized stock market is growing rapidly, with transfer volume more than doubling in the past month.

Cointelegraph reported on July 8, citing data from real-world asset platform RWA.xyz, that tokenized stock transfer volume climbed 105% over the past month to $8.41 billion. Over the same period, market value rose 43% to $2.16 billion, while the number of holders increased 17% to more than 409,000.

By platform, Figure's market value surged 935% over the past 30 days. Securitize increased 332%, while xStocks rose about 62%. Ondo was the largest platform by market value at about $846 million, followed by xStocks at about $708 million, Securitize at about $306 million and Figure at about $239 million.

Tokenized stocks outpaced every other asset class in the RWA market. Over the same period, the market value of tokenized US Treasuries was nearly unchanged, while the broader RWA market grew about 4% to $33.5 billion.

The tokenized stock market has expanded 471% over the past year, rising from about $378 million to $2.16 billion. During SpaceX's recent IPO, Kraken, Bybit and Bitget Wallet used xStocks infrastructure to offer tokenized pre-IPO access, and investor demand exceeded the allocated supply.

Traditional finance firms are also accelerating their tokenization efforts. Earlier this month, Securitize became the first newly listed company to issue tokenized versions of its shares on the Solana and Avalanche blockchains at the same time as its listing on the New York Stock Exchange. The Depository Trust & Clearing Corp. plans to launch a tokenized securities service in October, pending regulatory approval. Intercontinental Exchange, the parent company of the NYSE, and Nasdaq are also building tokenized stock trading platforms.