Tokenized Stocks Soar 415%, Reaching $29.5 Billion in August

Tokenized stocks have experienced explosive growth in recent months, with a total volume of $29.5 billion during the 30 days ending August 29, according to RWA.xyz data.

This represents an increase of more than 415% from the prior period and marks a significant shift towards trading, custody, portfolio management, and collateral use.

Coinbase, Robinhood, Bitwise, Bybit, and Arcus have added new equity products across public blockchains, contributing to this growth.

The concentration of market share among these platforms is evident, with Ondo leading at $842.8 million in distributed value, followed by Kraken's xStocks at $609.3 million, and Binance's bStocks at $599.9 million.