According to RWA.xyz data, as of July 9, the transfer volume of tokenized stocks over the past month increased by 105%, reaching $8.41 billion; during the same period, circulating value grew by 43% to $2.16 billion, and the number of holders rose by 17% to over 409,000.
Distribution value growth across platforms in the past 30 days: Figure surged 935%, Securitize increased 332%.
RWA.xyz: Tokenized Stock Transfer Volume Monthly Growth of 105%, Circulating Value Up 43%
(Source: RWA.xyz data platform)
According to RWA.xyz, the past month saw significant growth in three core indicators of the tokenized stock market: transfer volume up 105% to $8.41 billion; circulating value up 43% to $2.16 billion; and the number of holders increased by 17%, exceeding 409,000.
The performance of tokenized stocks notably outperformed other sectors of the RWA market: tokenized US Treasuries (currently the largest RWA asset class) remained flat in distribution value over the past month; the broader tokenized RWA market grew approximately 4%, reaching $33.5 billion.
Platform Performance: Figure Monthly Increase of 935%, Securitize Up 332%
Based on RWA.xyz data, the growth in distribution value and the current absolute scale of tokenized stocks across platforms over the past 30 days are as follows:
Figure: Distribution value increased 935% month-over-month, currently about $239 million
Securitize: Distribution value increased 332% month-over-month, currently about $306 million
xStocks: Distribution value increased approximately 62% month-over-month, currently about $708 million
Ondo: Currently about $846 million, the largest tokenized stock platform by distribution value
SpaceX IPO Tokenization Demand Exceeds Quota
Reports indicate that during SpaceX's IPO, Kraken, Bybit, and Bitget Wallet used xStocks infrastructure to offer investors pre-IPO tokenized opportunities; despite demand surpassing available allocations, this highlights the growing investor interest in blockchain-based securities.
Earlier this month, Securitize listed on the New York Stock Exchange (NYSE), becoming the first new issuer of tokenized stocks on the Solana and Avalanche blockchains.
DTCC Plans to Launch Tokenized Securities Services in October, NYSE Accelerates On-Chain Stock Initiatives
Reports show that traditional financial institutions are accelerating their tokenized stock strategies: in May, DTCC announced plans to launch tokenized securities services in October after regulatory approval, conducting a three-year pilot on pre-approved blockchains; NYSE and its parent company ICE announced plans for a platform to trade tokenized stocks and ETFs; Nasdaq is collaborating with Kraken and infrastructure firm Backed to develop technology connecting traditional stocks with blockchain networks.
ICE CEO Jeffrey Sprecher also urged regulators to allow traditional exchanges to offer 24/7 on-chain perpetual futures to compete with native crypto platforms within a regulatory framework.
FAQs
What is the transfer volume growth of tokenized stocks over the past month?
According to RWA.xyz, the transfer volume grew 105% to $8.41 billion; circulating value increased 43% to $2.16 billion; and the number of holders rose 17% to over 409,000.
Which is currently the largest tokenized stock platform?
Based on RWA.xyz data, Ondo is the largest with approximately $846 million in distribution value, followed by xStocks with about $708 million, Securitize with $306 million, and Figure with $239 million.
How are traditional financial institutions promoting the development of the tokenized stock market?
Reports indicate DTCC plans to launch tokenized securities services in October 2026 with a three-year pilot; NYSE and ICE announced plans for tokenized stock and ETF trading platforms; Nasdaq is working with Kraken and Backed to develop on-chain stock technology; Securitize has gone public on NYSE and issued tokenized stocks on Solana and Avalanche.
