a16z crypto said transfer activity in tokenized stocks is rising sharply, with monthly transfer volume reaching $9.22 billion in June this year. The figure was up from $53 million in June last year, marking an increase of more than 170 times. According to a16z crypto, the metric captures all related on-chain activity tied to tokenized stocks, including trading, wallet-to-wallet transfers, and deposits of tokenized shares as collateral into DeFi protocols. The firm added that the market is still small when measured against the traditional equity market, where monthly trading volume reaches into the trillions of dollars. Even so, it said more issuers and platforms are listing tokenized stocks, pointing to continued growth in the sector.
a16z crypto said transfer activity in tokenized stocks has been climbing fast. In June this year, monthly transfer volume in tokenized stocks reached $9.22 billion, up from $53 million in June last year, an increase of more than 170 times.
On-chain activity expanded sharply
According to a16z crypto, the metric covers all related on-chain activity. That includes trading, wallet-to-wallet transfers, and deposits of tokenized stocks as collateral into DeFi protocols.
Still small compared with traditional equities
a16z crypto also said the tokenized stock market remains small compared with the traditional stock market, where monthly trading volume reaches trillions of dollars.
At the same time, the firm said more issuers and platforms are bringing tokenized stocks online, and the sector continues to grow.
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