Tokenized stock holders more than double as monthly volume surges
Tokenized stock ownership has more than doubled in a month to 1.31 million holders, while monthly transfer volume jumped nearly 180% to $23.13 billion and active addresses rose to almost 572,000. Total distributed value reached $2.38 billion, led by Ondo ($872 million), Kraken’s xStocks ($557.8 million), and Binance’s bStocks ($521.8 million), with bStocks quickly closing the gap. The largest individual tokenized assets include Securitize, Strategy PP Variable xStock, and tokenized Circle shares. Growth has been driven by crypto platforms expanding into private-market and pre-IPO products, especially around SpaceX, though several tokenized IPO campaigns were canceled after insufficient underlying shares forced refunds. Binance’s SpaceX exposure has still grown to $67.9 million since the listing.
