to leave a comment.
▲ Tokenization, Blockchain/AI Generated Image
In just one month, $8.41 billion was traded in the tokenized stock market. As on-chain stock trading rapidly expands, the tokenization competition between cryptocurrency exchanges and traditional financial institutions has entered a head-to-head battle.
According to CoinTelegraph, a cryptocurrency specialized media outlet, on July 8 (local time), the volume of tokenized stock transfers increased by 105% over the past month, reaching $8.41 billion, based on RWA.xyz data. During the same period, dispersed value grew by 43% to $2.16 billion, and the number of holders increased by 17% to over 409,000.
Growth was led by major tokenization platforms. Figure's dispersed value surged by 935% in the last 30 days, Securitize by 332%, and xStocks by approximately 62%. Ondo maintained its position as the top tokenized stock platform with a dispersed value of approximately $846 million, followed by xStocks with approximately $708 million, Securitize with $306 million, and Figure with $239 million.
Tokenized stocks showed more significant growth than other real-world asset tokenization sectors. While the dispersed value of tokenized US Treasury bonds, the largest asset class, remained largely stagnant over the past month, the overall tokenized real-world asset market grew by approximately 4% to $33.5 billion. The tokenized stock market expanded from approximately $378 million a year ago to $2.16 billion, representing a growth of approximately 471%.
The competition between cryptocurrency exchanges and traditional financial companies is also accelerating. During the SpaceX IPO process, Kraken, Bybit, and Bitget Wallet provided access to tokenized pre-IPO stocks using xStocks infrastructure. Securitize, listed on the New York Stock Exchange, became the first newly listed company to issue tokenized versions of its shares on the Solana (SOL) and Avalanche (AVAX) blockchains.
Traditional financial institutions are also accelerating the construction of tokenization infrastructure. DTCC plans to launch tokenized securities services in October after regulatory approval, while the New York Stock Exchange and its parent company Intercontinental Exchange are preparing platforms for trading tokenized stocks and ETFs. Nasdaq has partnered with Kraken and Backed to develop technology connecting traditional stocks and blockchain networks.
[Article Key Summary]
-The volume of tokenized stock transfers increased by 105% over the past month, reaching $8.41 billion.
-The dispersed value of the tokenized stock market grew by approximately 471%, from approximately $378 million a year ago to $2.16 billion.
-Traditional financial institutions such as DTCC, New York Stock Exchange, and Nasdaq are also accelerating the construction of tokenized securities infrastructure.
*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*
Newsletter
Get key news delivered to your email every morning
to leave a comment.