Tokenized stock activity surged over the past month, with monthly transfer volume jumping more than 415% to $29.5 billion, according to RWA.xyz.
Monthly active addresses climbed 209% to around 1.3 million, while the number of tokenized stock holders increased 167% to 2.36 million. Total distributed value reached $2.54 billion, up roughly 637% from $344 million a year ago.
By platform, Ondo leads the market with $842.8 million in distributed value, followed by Kraken’s xStocks at $609.3 million and Binance’s bStocks at $599.9 million. Together, the three account for about 81% of the tokenized stock market.
The growth comes as major crypto platforms expand tokenized equity products. Coinbase recently launched tokenized US stocks on Base for eligible non-US users, while Bitwise introduced automated portfolios built from those assets.
Bybit has also begun accepting tokenized shares such as Nvidia, Apple and Tesla as collateral for margin loans, while Robinhood-backed Arcus offers more than 95 stock tokens and perpetual markets.
The rapid growth highlights accelerating demand for 24/7, onchain access to traditional equities and their integration into DeFi.