While market attention has been consumed by Bitcoin and Ethereum price volatility, one corner of the crypto industry has been moving quietly yet far more dramatically in percentage terms: tokenized stocks. Data from RWA.xyz shows that the transfer volume of tokenized stocks more than doubled over the past month to $8.41 billion - a 105% surge rarely seen even among the most volatile crypto assets.
Not Just Transfer Volumes on the Rise
The total value of assets distributed across the sector also climbed 43% to $2.16 billion, while the number of holders increased 17% to over 409,000 during the same period. The three largest tokenization platforms served as key growth drivers: Figure’s distribution value surged 935% in 30 days, followed by Securitize with a 332% increase and xStocks at around 62%. By comparison, tokenized US Treasuries - the largest RWA category - remained virtually flat over the same timeframe, while the overall RWA market grew just 4% to $33.5 billion. Over the past year, the tokenized equity segment skyrocketed from roughly $378 million to $2.16 billion, marking a jump of nearly 471%.
Legacy Exchanges Start Moving Onchain
This momentum is closely tied to concrete moves by major market players. During the SpaceX IPO, Kraken, Bybit, and Bitget Wallet utilized xStocks infrastructure to offer pre-IPO access in tokenized form - with demand exceeding the available share allocation. Earlier this month, Securitize became the first public company to issue a tokenized version of its own equity on Solana and Avalanche, coinciding with its debut on the New York Stock Exchange. The DTCC is reportedly preparing to launch a tokenized securities service in October after securing a three-year pilot approval from regulators. The NYSE and its parent company, Intercontinental Exchange, are also building a similar platform for tokenized stocks and ETFs, while Nasdaq has partnered with Kraken and Backed. ICE CEO Jeffrey Sprecher even urged regulators to allow traditional exchanges to offer 24/7 onchain perpetual contracts to compete directly with native crypto platforms.
What makes this trend compelling is not just the monthly numbers, but who is driving them: no longer small crypto startups, but mainstream financial institutions traditionally seen as slow to adapt. If the DTCC, NYSE, and Nasdaq successfully roll out their plans, the line between “traditional capital markets” and the “crypto market” could blur much faster than many expect.
Reported by Cointelegraph.
Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.
