Tokenized stock trading hits $2.7B even though trades can cost 3% more
Tokenized stocks generated roughly $3 billion in decentralized-exchange transactions over a week, but trading costs varied sharply by asset. Fillable’s study estimated a $20.60 round-trip quote gap on a $10,000 SPYx trade, versus $303 for Coinbase tokens and $699 for Palantir tokens. Most tokens tracked their underlying shares closely at small trade sizes, but larger orders faced liquidity-driven slippage. Other data showed thinner order-book depth outside US market hours, concentrated pool holdings, and substantial automated trading. Tokenized stocks offer crypto-native, potentially round-the-clock access, but execution costs, liquidity, investor concentration and differences in ownership and redemption rights remain important limitations.
