Crypto: Tokenized stocks approach $3 billion per week

Tokenized stocks approached $3 billion in weekly spot volume in early August. In its analysis published on September 3, Grayscale places Robinhood Chain, BNB Chain and Solana among the main networks in this new segment of the crypto market. Liquidity is growing quickly. The use of these assets in onchain finance, however, remains limited to around 5% of the market.

Tokenized stocks approach $3 billion

The figure comes from Grayscale: the weekly spot volume of tokenized stocks reached almost $3 billion at the beginning of August. A progression which further establishes these products in the crypto landscape, after several months of increased volumes on the main blockchains.

BNB Chain had already surpassed $5.2 billion in cumulative volume across tokenized stocks as of the end of June. More than 700 stocks and ETFs were then available on its ecosystem.

Solana is also moving quickly. In the second quarter, the network recorded $5.77 billion in volume across tokenized assets, 114% more than the previous quarter. Stocks alone represented 4.8 billion, compared to 1.1 billion in the first quarter.

Robinhood Chain now completes the top three. Launched on the mainnet on July 1, the network benefits directly from the activity of the broker and its offering of tokenized shares.

The crypto market is therefore no longer content with tokenizing dollars or bonds. Apple, Nvidia and other traditional securities now circulate on the same infrastructure as stablecoins and DeFi assets.

Crypto trading is advancing faster than financial uses

The almost 3 billion dollars, however, hides a significant gap. Grayscale estimates that only about 5% of the tokenized equity market is currently deployed in onchain financial applications. Their locked value exceeds $110 million.

For the moment, these products are therefore mainly used to be exchanged. Their use as collateral or in loan protocols remains much smaller. On Solana, Grayscale nevertheless notes that tokenized shares placed in platforms like Kamino and Jupiter have increased approximately tenfold in one year.

This is an important point to measure the real development of this branch of crypto finance. High trading volume shows that liquidity exists. It does not yet mean that these assets are widely integrated into DeFi.

Another number gives an idea of ​​current activity. The seven most traded tokenized stocks generated $4.3 billion in DEX volume over 30 days, according to Token Terminal data cited by Grayscale. Three of them are available on Robinhood Chain.

This progression comes a few weeks after a daily record of more than $565 million on DEXs, recorded at the end of June. The periods and scopes differ, but the two data show the same acceleration of exchanges on blockchain.

Robinhood pushes crypto to traditional markets

Robinhood started in 2025 with more than 200 tokenized stocks and ETFs aimed at eligible European customers. These products were initially issued on Arbitrum. Since July, the broker has had its own infrastructure. Robinhood Chain is an Ethereum layer 2 designed in particular for tokenized assets, continuous transfers and decentralized finance.

For European users, one nuance remains essential: a tokenized share does not automatically give the same rights as a share held directly with a traditional broker. Depending on the structure chosen by the issuer, the token may represent a security, a claim on shares held by a custodian or another contractual right.

The US SEC is also working on these issues. Its Investor Advisory Committee estimated in March that tokenization could notably make it possible to settle the transfer of a security and its payment in the same transaction, while requesting greater clarity on ownership and investor protection.

For the crypto market, volumes are therefore no longer the only indicator to follow. Tokenized stocks have found liquidity. Their next step will be to transform this trading activity into broader financial uses.