Tokenized stock holders more than double as monthly volume surges

Tokenized equities reached 1.31 million holders over the past month, as monthly transfer volume surged 179% to $23.13 billion and distributed value rose 5.9% to $2.38 billion.The number of tokenized stock holders has more than doubled over the past month to 1.31 million, according to RWA.xyz data.

Monthly transfer volume surged nearly 180% over the same period to $23.13 billion, while monthly active addresses increased 34.62% to nearly 572,000. The total distributed value of tokenized stocks also rose 5.9% to $2.38 billion.

At the time of writing, Ondo leads the market with about $872 million in distributed value, followed by Kraken’s xStocks at $557.8 million and Binance’s bStocks at $521.8 million. BStocks launched in June and is already within roughly $36 million of xStocks in distributed value.

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Originally published by Cointelegraph. Read the full story at the source →