Tokenized Stocks Skyrocket to New Record
The number of tokenized stock holders saw a significant surge in August, more than doubling from the previous month. According to data from Token Terminal, 928.4K new holders were added in August, marking a growth rate of around 120% compared to July.
This represents the biggest monthly gain on record for tokenized stocks, with August accounting for around 55% of the growth in asset holders since Token Terminal began tracking this metric.
The majority of these new holders are concentrated on BNB Chain and Robinhood Chain, which collectively hold about 73% of all tokenized stock holders. Binance's bStocks was the standout issuer, growing from 52.9K holders in July to 464.7K in August.
Two factors contributed to this growth: Binance waived maker fees across all bStocks trading pairs through August, and Robinhood Crypto announced an aggressive listing expansion, adding 100 new Stock Tokens to its platform in August.