Tokenized Stocks See Significant Growth Over Past Seven Days
The RWA Foundation, an organization that provides information on tokenized assets, has released data on the tokenized stock market for the past seven days. The total market capitalization of tokenized stocks stands at $3.6 billion.
According to the data, Securitize's SECZ token experienced a significant increase in market capitalization, rising by $132 million to become the leading token. This was followed closely by Binance's SPCXb token, which saw an increase of $13.3 million.
The RWA Foundation noted that while Securitize's SECZ token led in terms of market capitalization growth, it did not see a significant increase in the number of holders. In contrast, Avalanche's block chain experienced a substantial increase in market capitalization, becoming the leading block chain with a $132 million increase.
The RWA Foundation also highlighted that while there was an increase in the number of holders on Solana's block chain, it did not see the same level of growth as Avalanche. The organization suggested that this may be due to institutional investors driving the growth on Avalanche.