Tokenized Stocks Boom as Holders Double in a Month

The market for tokenized stocks is experiencing rapid growth, with the number of holders more than doubling in just one month. According to data from RWA.xyz, the total number of tokenized stock holders rose to 1.31 million by the end of the month, while monthly transfer volume surged 180% to $23.13 billion.

Ondo led the market with a circulating value of about $872 million, followed closely by Kraken's xStocks at $557.8 million and Binance's bStocks at $521.8 million. Launched in June, bStocks has quickly expanded its market share to narrow the gap between itself and xStocks.

The growing demand for tokenized stocks is being driven by crypto platforms expanding their offerings beyond listed shares into private and pre-IPO markets. Binance, Coinbase, Kraken, Bybit, Bitget, and Blockchain.com all rolled out related products ahead of SpaceX's stock market listing on June 12, including tokenized pre-listing investment products and perpetual futures.