Tokenized equities posted a sharp increase in onchain activity over the past 30 days, with monthly transfer volume rising more than 415% to $29.5 billion, according to RWA.xyz.
Monthly active addresses increased by more than 209% to around 1.3 million during the same period. The number of tokenized stock holders climbed 167% to 2.36 million. The total value of tokenized stocks distributed onchain also rose 1.45% over the past 30 days to $2.54 billion, and that figure was up roughly 637% from $344 million a year ago.
RWA.xyz said tokenized stock activity accelerated in August.
Asset and platform breakdown
Securitize Corp. was the largest individual tokenized stock tracked by RWA.xyz at about $163 million. It was followed by Strategy PP Variable xStock at $136 million and an Ondo-tokenized version of Circle Internet Group at $109 million.
Across platforms, Ondo ranked first with $842.8 million in distributed value. Kraken’s xStocks followed with $609.3 million, and Binance’s bStocks came next at $599.9 million. Combined, those three platforms accounted for roughly 81% of the market.
Crypto platforms expand tokenized equity use cases
The increase in activity came as crypto platforms introduced more ways for investors to trade, hold and use tokenized equities onchain.
On Aug. 24, Coinbase’s tokenized US stocks went live on Base. Eligible non-US users can trade the assets around the clock and use them across decentralized finance, or DeFi, applications. The B20 tokens include companies such as Nvidia, Apple, Meta and Alphabet, and they can be held in self-custody wallets.
A day later, Bitwise launched automated portfolios built from Coinbase’s tokenized stocks. The product lets eligible non-US investors follow preset strategies while keeping the underlying assets in their own wallets. The initial portfolios target the Magnificent Seven, robotics and artificial intelligence sectors.
Other platforms have widened the ways tokenized stocks can be used. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans. Arcus, a Robinhood-backed decentralized exchange, also launched more than 95 stock tokens and perpetual markets on Robinhood Chain.