Tokenized Stock Holders Double in a Month as Transfer Volume Surges 180%

The market for real-world assets is growing rapidly, and the number of investors holding tokenized stocks has more than doubled in the past month.

Data from RWA.xyz cited by Cointelegraph on Aug. 15 showed tokenized stock holders climbed to 1.31 million over the past month. Monthly transfer volume surged about 180% to $23.13 billion. Monthly active addresses rose 34.62% to about 572,000. The total circulating value of tokenized stocks increased 5.9% to $2.38 billion.

By platform, Ondo led the market with a circulating value of about $872 million. Kraken's xStocks followed at $557.8 million, while Binance's bStocks stood at $521.8 million.

Launched in June, bStocks has rapidly expanded and narrowed the gap with xStocks to about $36 million.

Among individual tokenized assets, Securitize-related products were the largest at $145.2 million. Strategy stock-based PP Variable xStock followed at $135.6 million, while Ondo's tokenized Circle stock product reached $99.7 million.

Growth in the tokenized stock market has accelerated as crypto platforms expand beyond listed shares into private and pre-IPO markets. Ahead of SpaceX's stock market listing on June 12, Binance, Coinbase, Kraken, Bybit, Bitget and Blockchain.com rolled out related products, including tokenized pre-listing investment products and perpetual futures.

Demand has also caused disruptions for some products. Binance's related campaign drew $557 million ahead of the listing, but xStocks failed to secure enough underlying shares to meet demand. Binance, Bybit and Bitget Wallet then canceled products tied to the tokenized SpaceX IPO and refunded investors.

The market has expanded again since the listing. The circulating value of SpaceX tokenized stock offered through Binance bStocks has risen to $67.9 million, ranking seventh among individual tokenized assets tracked by RWA.xyz.

Momentum in tokenized stocks could build further as the broader RWA market expands. Standard Chartered projects the global tokenized RWA market could reach $4 trillion by the end of 2028.