Tokenized Equity Trading Hits $3 Billion Weekly Volume

Tokenized equity trading has reached new highs in August, according to Grayscale's analysis. The weekly spot volume peaked at $3 billion early in the month, with Robinhood Chain, BNB Chain, and Solana accounting for most of the activity during the final week covered by the firm.

The growth remains concentrated in trading rather than broader financial activity, but onchain use of tokenized equities is growing quickly. Only about 5% of the tokenized equity market is deployed in onchain finance, although total value locked has surpassed $110 million.

Grayscale identified Jupiter and Kamino as Solana lending venues, while Uniswap, Pancakeswap, and Raydium provide trading infrastructure. The asset manager noted that tokenized equities are scaling first as a global trading product, and a growing capital base could support their transition from access to financial utility.

The Securities and Exchange Commission's Investor Advisory Committee has also been examining the potential benefits of tokenization, including faster settlement times and improved protections for investors. However, the next phase depends on whether tokenized stocks gain wider use as collateral and lending assets rather than remaining trading instruments.