Tokenized Stocks Soar to New Heights, With Over $23 Billion Transferred in One Month

The tokenized stock market is rapidly expanding in the crypto space, with over 1.31 million holders and a monthly transfer volume of $23.13 billion, an increase of nearly 180% from last month.

Ondo currently leads the ranking with about $872 million in distributed value, ahead of Kraken's xStocks at $557.8 million and Binance's bStocks at $521.8 million.

Launched in June, bStocks is about $36 million behind its competitor Ondo, but SpaceX tokenized stocks via bStocks have continued to progress since listing, reaching $67.9 million.

The growth of tokenized stocks comes after the arrival of several crypto platforms in private markets, including pre-IPO products linked to SpaceX before its June 12 IPO.