Tokenized stocks are accelerating their progress in the crypto market. In one month, holders more than doubled, while transfers jumped nearly 180%. This development also accompanies an increase in active addresses and distributed value. Behind this dynamic, several actors are competing for a central place. Ondo maintains the first position, ahead of Kraken’s xStocks and Binance’s bStocks. Data from RWA.xyz shows clearly expanding activity in this segment.
In brief
- Holders of tokenized stocks have exceeded 1.31 million, more than doubling in one month.
- Monthly transfer volume jumped 179%, reaching $23.13 billion.
- Ondo dominates with 872 million dollars distributed, ahead of Kraken at 557.8 million and Binance at 521.8 million.
- SpaceX’s tokenized shares through bStocks have reached $67.9 million since its listing.
Tokenized actions change scale
The number of holders of the tokenized stock market reached 1.31 million over the last month. The monthly volume of transfers increased by 179%, reaching $23.13 billion. Monthly active addresses also increased by 34.62%, to nearly 572,000. This increase reflects broader activity around securities represented on blockchain.
The distributed value is also on a positive trajectory, with $2.38 billion. It increased by 5.9% over one month, according to the same data. Tokenized stocks are thus gaining presence among products linked to them and real-world assets.
Ondo maintains the advantage ahead of Kraken and Binance
Ondo currently dominates the rankings with approximately $872 million in distributed value. Kraken’s xStocks comes next with $557.8 million, ahead of Binance’s bStocks at $521.8 million. Launched in June, bStocks is about $36 million behind its competitor. Tokenized actions thus become an area where offers evolve rapidly.
RWA.xyz Securitize also ranks among the top individual assets, with $145.2 million distributed. Strategy PP Variable xStock hits 135.6 million, while Ondo’s Circle shares show 99.7 million.
Pre-IPO products accelerate momentum
The rise of tokenized stocks comes after the arrival of several crypto platforms on private markets. Earlier this year, several players offered products related to SpaceX before its June 12 IPO. Binance, Coinbase, Kraken, Bybit, Bitget and Blockchain.com have launched different offers. They ranged from tokenized pre-IPO exposure to perpetual futures and surrogate tokens.
However, not all pre-IPO operations met initial expectations. A Binance campaign had notably raised $557 million before the introduction of SpaceX. Binance, Bybit and Bitget Wallet then canceled their campaigns after allocation difficulties. xStocks had not obtained enough underlying shares to satisfy demand, leading to subscribers being reimbursed. Despite this episode, SpaceX’s tokenized shares via bStocks have continued to rise since listing.
The dynamics could now depend on the evolution of volumes and the number of users. Recent data shows rapid growth in this market. This trend is part of a broader tokenization of real-world assets. Standard Chartered estimates that this market could reach $4,000 billion by the end of 2028. The coming months will therefore allow us to measure whether this growth maintains its current pace on global markets.
Maximize your Tremplin.io experience with our ‘Read to Earn’ program! For every article you read, earn points and access exclusive rewards. Sign up now and start earning benefits.
