Tokenized Stock Holders Double to 1.31 Million as Monthly Volume Surges

The number of tokenized stock holders has more than doubled in July 2026 to 1.31 million, according to RWA.xyz data. This surge is attributed to a significant increase in monthly transfer volume, which rose by nearly 180% to $23.13 billion. The total distributed value of tokenized stocks also increased by 5.9% to $2.38 billion.

Ondo leads the market with about $872 million in distributed value, followed closely by Kraken's xStocks at $557.8 million and Binance's bStocks at $521.8 million. The latter has seen rapid growth since its launch in June 2026 and is now within $36 million of xStocks in distributed value.

The recent growth in tokenized equities can be attributed to a wave of crypto platforms pushing into private-market and pre-IPO products, particularly around SpaceX ahead of its June public-market debut. Despite some hiccups, including Binance's canceled tokenized SpaceX IPO campaign due to insufficient underlying shares, bStocks has grown to $67.9 million in distributed value since the company's listing.