Tokenized stock transfer volume jumped more than 415% over the past 30 days to $29.5 billion, with holders and active addresses more than doubling over the same period, according to RWA.xyz data. Ondo, Kraken and Binance now account for roughly 81% of distributed value, as Coinbase, Bitwise, Bybit and Robinhood-backed Arcus expand access to onchain equities.
Tokenized stock activity surged over the past 30 days, with monthly transfer volume climbing more than 415% to $29.5 billion, according to data from RWA.xyz. Monthly active addresses rose more than 209% to around 1.3 million over the same period. The number of holders also climbed 167% to 2.36 million. Tokenized stocks sit within the broader real-world assets sector.
Distributed value concentrates among three platforms
The total value of tokenized stocks distributed onchain rose 1.45% over the past 30 days to $2.54 billion, up roughly 637% from $344 million a year ago. Securitize Corp. was the largest individual tokenized stock tracked by RWA.xyz at about $163 million, followed by Strategy PP Variable xStock at $136 million and an Ondo-tokenized version of Circle Internet Group at $109 million.
By platform, Ondo led with $842.8 million in distributed value, followed by Kraken's xStocks at $609.3 million and Binance's bStocks at $599.9 million. Together, the three accounted for roughly 81% of the market.
Exchanges race to expand onchain equities
The surge comes as crypto platforms introduce new ways to trade, hold and use tokenized equities onchain. On Aug. 24, Coinbase's tokenized US stocks went live on Base, letting eligible non-US users trade the assets around the clock and use them across DeFi applications; the tokens include Nvidia, Apple, Meta and Alphabet and can be held in self-custody wallets.
A day later, Bitwise launched automated portfolios built from Coinbase's tokenized stocks, letting eligible non-US investors follow preset strategies while keeping the underlying assets in their own wallets. In July, Bybit added tokenized shares of Nvidia, Apple, Tesla and other US companies as collateral for margin loans. Robinhood-backed DEX Arcus, separately, launched more than 95 stock tokens and perpetual markets on Robinhood Chain.
A newer, less regulated market structure
Unlike traditional brokerages, tokenized equities carry risks that vary by issuer. Crypto Briefing notes that the regulatory frameworks vary by jurisdiction, counterparty risk depends on the issuer, and the underlying assets may be synthetic rather than directly held. Still, tokenized stocks trade around the clock, every day, unlike traditional US equity markets, which operate from 9:30 a.m. to 4 p.m. Eastern, Monday through Friday.
Sources: Cointelegraph.com News, Crypto Briefing
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