Tokenized stock transfers surged 415% in 30 days to total $29.5 billion

The tokenized stock market has accelerated its growth recently

According to the online data analysis platform, the tokenized stock market has accelerated significantly in the past month. Within 30 days, monthly transfers of tokenized shares surged more than 415% to $29.5 billion, indicating that market activity has moved beyond the early experimental stages.

data also shows that the ecosystem is expanding: the number of monthly active addresses jumped more than 209% to approximately 1.3 million; the number of tokenized stock holders increased 167% to 2.36 million. At the same time, the total value of tokenized shares distributed on the chain rose slightly to US$2.54 billion-an increase of 1.45% in 30 days and an increase of approximately 637% from the same period last year.

Key Data

Monthly tokenized stock transfers increased by more than 415% to US$29.5 billion. The number of monthly active addresses climbed more than 209% to approximately 1.3 million; the number of holders increased 167% to 2.36 million. The total value of tokenized shares distributed on the chain reached US$2.54 billion, an increase of approximately 637% compared with the same period last year.

According to the dataset, Ondo, Kraken and Binance together account for approximately 81% of the distribution value. New products launched by major crypto platforms are expanding the way tokenized stocks can be traded, held and used in DeFi-style workflows.

Transfers, holders and usage are all active

Data growth suggests a comprehensive expansion of the market rather than a single outbreak. The volume of transfers increased significantly, but the increase is consistent with other indicators of participation, particularly the number of active addresses and holders, indicating that more wallets are participating, rather than just a limited liquidity cycle.

Although the percentage increase in distribution value was small (+1.45%) within 30 days, the absolute value of US$2.54 billion was still considerable. More importantly, the year-on-year change shows that the market benchmark has improved significantly: tokenized stock distribution has increased by approximately 637% from $344 million a year ago, indicating that the current acceleration is taking place on top of existing growth.

Among the individual products tracked, Securitize Corp. leads with a distribution value of approximately $163 million, followed by Strategy PP Variable xStock ($136 million), and Ondo's tokenized Circle Internet Group version (approximately $109 million).

Value of tokenized stock distribution dominated by large platforms

From a platform level, distribution is highly concentrated. Ondo leads the way with a distribution value of $842.8 million, Kraken's xStocks at $609.3 million, and Binance's bStocks at $599.9 million. Together, these three platforms account for approximately 81% of the dataset market, highlighting that the liquidity and distribution of tokenized stocks still largely flows through a small number of issuers and distribution channels.

This is critical for participants, as platform concentration affects token availability, custody and wallet experience, and depth of integration with other on-chain services. If activity grows rapidly, most of the growth will benefit dominant platforms first-especially those that already have the most widespread distribution and the most direct path for token holders to put assets online.

August product boom drives tokenized stocks to further launch

The latest surge is in line with a broader trend: Crypto platforms are integrating tokenized stocks into on-chain trading and portfolio workflows, and expanding the use of these assets beyond simple holding.

On August 24, Coinbase's tokenized U.S. stocks were launched on Base, allowing eligible non-U.S. users to trade these assets 24/7 and use them for decentralized financial applications. The B20 token set includes major companies such as Nvidia, Apple, Meta and Alphabet, and these assets can be stored in self-managed wallets-critical for on-chain practicality because tokens can interact more extensively with the wallet infrastructure.

The next day, Bitwise launched an automated portfolio based on Coinbase tokenized shares. The product is aimed at qualified non-U.S. investors who want to allocate assets according to predetermined strategies while keeping the underlying assets in their wallets. The initial portfolio covers topics such as the "Big Seven", robotics and artificial intelligence.

Other exchange and DeFi-related products have also expanded similarly. In July, Bybit added tokenized shares (such as Nvidia, Apple and Tesla) as collateral for margin loans. At the same time, Robinhood-backed decentralized exchange Arcus has launched more than 95 stock tokens and perpetual markets on Robinhood-Chain, indicating that tokenized stocks are increasingly being seen as active trading tools rather than as separate blockchain assets.

The jump in data activity seems to reflect these changes. Wallet adoption often follows when contemporary monetized stocks are more readily available in major ecosystems and can be used in more on-chain compatible ways, such as collateral or in structured investment portfolios. The growth in the number of active addresses and holders is consistent with the expansion of usability on the chain.

Convergence of tokenized stocks and crypto infrastructure: Future concerns

Data shows that the space is gaining more participants and transaction volume, but also highlights that distribution is still highly concentrated on a few major platforms. Going forward, investors and builders should focus on whether activity growth continues to translate into sustainable distribution value, and whether new integrations can surpass current top issuers-especially as contemporary monetized stocks are increasingly positioned as tools for trading, portfolio automation, and mortgage lending on mainstream crypto networks.