Tokenized Equities Volume Explodes to $18.2B in July
The tokenized equities market experienced a significant surge in trading volume in July, reaching $18.2 billion, a 4.4x increase from June's figures.
This represents a breakout month for the market, with decentralized exchanges (DEXs) capturing $12.8 billion of the total, and centralized exchanges handling the remaining $5.4 billion.
Binance's bStocks platform played a major role in this growth, accumulating over $500 million in assets under management in just seven weeks, giving it a 27% share of the global tokenized equity market cap by late July.
The overall tokenized equity market cap was hovering around $1.5 to $1.7 billion earlier in July, and specific products such as SPY-related trading volume jumped to 2.3% of the monthly total, up from just 0.4% in June.